Trexquant Investment LP Takes Position in CRH plc (NYSE:CRH)

Trexquant Investment LP acquired a new stake in shares of CRH plc (NYSE:CRHGet Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,155 shares of the construction company’s stock, valued at approximately $771,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRH. Comerica Bank grew its stake in shares of CRH by 2.8% during the first quarter. Comerica Bank now owns 17,554 shares of the construction company’s stock valued at $746,000 after buying an additional 480 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of CRH by 14.5% during the first quarter. Mount Yale Investment Advisors LLC now owns 5,122 shares of the construction company’s stock valued at $205,000 after buying an additional 650 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of CRH by 2.8% during the first quarter. Envestnet Asset Management Inc. now owns 355,797 shares of the construction company’s stock valued at $14,253,000 after buying an additional 9,677 shares during the last quarter. Prospera Financial Services Inc bought a new position in shares of CRH during the first quarter valued at about $32,000. Finally, Pinnacle Associates Ltd. grew its stake in shares of CRH by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 35,558 shares of the construction company’s stock valued at $1,424,000 after buying an additional 545 shares during the last quarter. 5.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CRH shares. StockNews.com started coverage on shares of CRH in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of CRH from €59.00 ($60.20) to €50.00 ($51.02) and set an “overweight” rating for the company in a report on Tuesday, September 13th. Finally, Credit Suisse Group lowered their price objective on shares of CRH from €50.00 ($51.02) to €48.00 ($48.98) and set an “outperform” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and an average target price of $48.50.

CRH Price Performance

Shares of CRH opened at $40.28 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 1.79. CRH plc has a one year low of $31.22 and a one year high of $54.54. The company has a 50-day simple moving average of $35.27 and a two-hundred day simple moving average of $36.75.

CRH Increases Dividend

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

About CRH

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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.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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