Two Sigma Investments LP lifted its holdings in shares of Crh Plc (NYSE:CRH) by 251.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 264,488 shares of the construction company’s stock after buying an additional 189,245 shares during the period. Two Sigma Investments LP’s holdings in CRH were worth $9,545,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Glovista Investments LLC acquired a new stake in CRH in the third quarter worth approximately $204,000. SG Americas Securities LLC acquired a new stake in CRH in the third quarter worth approximately $271,000. Financial Counselors Inc. acquired a new stake in CRH in the third quarter worth approximately $303,000. ETRADE Capital Management LLC acquired a new stake in CRH in the fourth quarter worth approximately $336,000. Finally, Eagle Asset Management Inc. lifted its position in CRH by 16.0% in the third quarter. Eagle Asset Management Inc. now owns 10,561 shares of the construction company’s stock worth $392,000 after purchasing an additional 1,460 shares during the period. Institutional investors and hedge funds own 3.50% of the company’s stock.
CRH has been the subject of a number of research analyst reports. Zacks Investment Research downgraded CRH from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. BNP Paribas upgraded CRH from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 25th. Goldman Sachs began coverage on CRH in a report on Sunday, March 11th. They issued a “buy” rating on the stock. Finally, Exane BNP Paribas raised CRH from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 14th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. CRH has an average rating of “Buy” and a consensus price target of $36.25.
Crh Plc (NYSE:CRH) opened at $34.41 on Tuesday. Crh Plc has a twelve month low of $32.47 and a twelve month high of $39.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.62.
The business also recently declared a semiannual dividend, which will be paid on Friday, May 11th. Shareholders of record on Monday, March 12th will be issued a $0.6011 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a dividend yield of 3.5%. This is a boost from CRH’s previous semiannual dividend of $0.48.
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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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