SG Americas Securities LLC trimmed its holdings in shares of Crh Plc (NYSE:CRH) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,565 shares of the construction company’s stock after selling 2,600 shares during the period. SG Americas Securities LLC’s holdings in CRH were worth $165,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of CRH. Financial Counselors Inc. purchased a new stake in shares of CRH during the 3rd quarter worth about $303,000. Advisors Asset Management Inc. raised its stake in shares of CRH by 7.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 155,427 shares of the construction company’s stock valued at $5,884,000 after acquiring an additional 10,970 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of CRH by 26.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 578,349 shares of the construction company’s stock valued at $21,561,000 after acquiring an additional 119,267 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of CRH by 2.7% in the 3rd quarter. Wells Fargo & Company MN now owns 273,721 shares of the construction company’s stock valued at $10,363,000 after acquiring an additional 7,252 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in CRH by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,518 shares of the construction company’s stock worth $65,025,000 after buying an additional 24,974 shares during the period. 3.50% of the stock is currently owned by institutional investors.
Crh Plc (NYSE:CRH) traded up $0.40 during mid-day trading on Wednesday, hitting $34.53. The stock had a trading volume of 564,449 shares, compared to its average volume of 901,519. Crh Plc has a 52 week low of $32.47 and a 52 week high of $39.32. The company has a quick ratio of 1.17, a current ratio of 1.62 and a debt-to-equity ratio of 0.51.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, May 11th. Shareholders of record on Monday, March 12th will be paid a $0.6011 dividend. This is a positive change from CRH’s previous semiannual dividend of $0.48. The ex-dividend date of this dividend is Friday, March 9th. This represents a yield of 3.5%.
Several analysts have recently weighed in on CRH shares. BNP Paribas raised CRH from an “underperform” rating to a “neutral” rating in a report on Thursday, January 25th. Goldman Sachs Group initiated coverage on CRH in a research note on Sunday. They issued a “buy” rating on the stock. Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded CRH from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Finally, Exane BNP Paribas upgraded CRH from a “neutral” rating to an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.25.
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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 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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