Ameriprise Financial Inc. reduced its stake in shares of Crh Plc (NYSE:CRH) by 22.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,286 shares of the construction company’s stock after selling 25,446 shares during the quarter. Ameriprise Financial Inc.’s holdings in Crh Plc were worth $3,133,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc grew its holdings in Crh Plc by 1.1% during the first quarter. Legal & General Group Plc now owns 18,037 shares of the construction company’s stock worth $634,000 after acquiring an additional 200 shares during the period. Renaissance Technologies LLC grew its holdings in Crh Plc by 81.0% in the first quarter. Renaissance Technologies LLC now owns 295,100 shares of the construction company’s stock valued at $10,379,000 after purchasing an additional 132,100 shares during the period. KCG Holdings Inc. boosted its stake in shares of Crh Plc by 100.7% in the first quarter. KCG Holdings Inc. now owns 16,442 shares of the construction company’s stock worth $578,000 after acquiring an additional 8,248 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Crh Plc by 33.5% in the first quarter. Bank of America Corp DE now owns 426,150 shares of the construction company’s stock worth $14,988,000 after acquiring an additional 106,869 shares during the last quarter. Finally, Paloma Partners Management Co boosted its stake in shares of Crh Plc by 16.9% in the first quarter. Paloma Partners Management Co now owns 15,116 shares of the construction company’s stock worth $531,000 after acquiring an additional 2,180 shares during the last quarter. Hedge funds and other institutional investors own 3.72% of the company’s stock.
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Crh Plc (CRH) traded down $0.03 on Monday, reaching $35.80. The company’s stock had a trading volume of 308,300 shares, compared to its average volume of 573,765. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. Crh Plc has a 12-month low of $32.44 and a 12-month high of $38.06.
The firm also recently announced a None dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.226 per share. This represents a dividend yield of 1.33%. This is an increase from Crh Plc’s previous None dividend of $0.20. The ex-dividend date of this dividend is Thursday, September 7th.
CRH has been the topic of a number of analyst reports. BidaskClub downgraded Crh Plc from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC started coverage on Crh Plc in a research report on Wednesday, September 27th. They issued a “buy” rating on the stock. Finally, Morgan Stanley raised Crh Plc from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $30.50 to $32.50 in a research note on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Crh Plc has a consensus rating of “Hold” and a consensus target price of $32.50.
About Crh Plc
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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