Cambridge Investment Research Advisors Inc. purchased a new position in shares of CRH plc (NYSE:CRH) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 93,560 shares of the construction company’s stock, valued at approximately $3,183,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC acquired a new stake in CRH during the first quarter worth $142,000. We Are One Seven LLC acquired a new stake in CRH during the fourth quarter worth $169,000. M&T Bank Corp acquired a new stake in CRH during the first quarter worth $217,000. ETRADE Capital Management LLC acquired a new stake in CRH during the fourth quarter worth $336,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in CRH during the fourth quarter worth $419,000. Hedge funds and other institutional investors own 4.42% of the company’s stock.
Shares of NYSE:CRH opened at $36.52 on Friday. CRH plc has a 52 week low of $32.47 and a 52 week 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 firm has a market capitalization of $31.02 billion, a PE ratio of 14.61, a PEG ratio of 2.17 and a beta of 0.92.
The company also recently announced a semiannual dividend, which was paid on Friday, May 11th. Stockholders of record on Monday, March 12th were paid a $0.6011 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, March 9th. This is an increase from CRH’s previous semiannual dividend of $0.48. CRH’s payout ratio is currently 37.20%.
A number of equities research analysts have weighed in on the stock. Goldman Sachs Group assumed coverage on shares of CRH in a research note on Sunday, March 11th. They set a “buy” rating on the stock. BNP Paribas upgraded shares of CRH from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 14th. Zacks Investment Research upgraded shares of CRH from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. Exane BNP Paribas upgraded shares of CRH from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 14th. Finally, JPMorgan Chase & Co. set a $37.00 target price on shares of CRH and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.50.
CRH Company Profile
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.
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