Fulton Bank N.A. Buys 846 Shares of CRH plc (NYSE:CRH)

Fulton Bank N.A. grew its stake in shares of CRH plc (NYSE:CRHGet Rating) by 11.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,999 shares of the construction company’s stock after purchasing an additional 846 shares during the period. Fulton Bank N.A.’s holdings in CRH were worth $279,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in CRH by 26.9% during the 1st quarter. Pacer Advisors Inc. now owns 30,690 shares of the construction company’s stock worth $1,229,000 after purchasing an additional 6,503 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of CRH in the 1st quarter worth approximately $1,965,000. Standard Family Office LLC purchased a new position in shares of CRH in the 4th quarter worth approximately $27,000. Eagle Asset Management Inc. boosted its stake in shares of CRH by 3.2% in the 4th quarter. Eagle Asset Management Inc. now owns 11,485 shares of the construction company’s stock worth $604,000 after buying an additional 353 shares during the last quarter. Finally, OLD National Bancorp IN boosted its stake in shares of CRH by 8.6% in the 1st quarter. OLD National Bancorp IN now owns 26,023 shares of the construction company’s stock worth $1,043,000 after buying an additional 2,053 shares during the last quarter. 5.25% of the stock is owned by institutional investors.

CRH Stock Performance

Shares of CRH stock opened at $35.47 on Monday. The company’s fifty day simple moving average is $37.22 and its two-hundred day simple moving average is $38.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.79 and a quick ratio of 1.38. CRH plc has a 1 year low of $33.13 and a 1 year high of $54.54.

CRH Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.24 per share. This is a boost from CRH’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Thursday, September 8th. This represents a yield of 3.1%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CRH shares. Berenberg Bank cut their target price on CRH from €56.00 ($57.14) to €46.00 ($46.94) in a research note on Monday, June 13th. Citigroup restated a “buy” rating on shares of CRH in a research note on Friday, June 17th. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 1st. Finally, JPMorgan Chase & Co. dropped their price objective on CRH from €59.00 ($60.20) to €50.00 ($51.02) and set an “overweight” rating on the stock in a research note on Tuesday, September 13th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and a consensus price target of $49.50.

CRH Company Profile

(Get Rating)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.

Featured Stories

Institutional Ownership by Quarter for CRH (NYSE:CRH)

Receive News & Ratings for CRH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH and related companies with MarketBeat.com's FREE daily email newsletter.