Raymond James Financial Services Advisors Inc. reduced its holdings in CRH plc (NYSE:CRH – Free Report) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,823 shares of the construction company’s stock after selling 664 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in CRH were worth $325,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its stake in CRH by 68.5% in the 2nd quarter. Allworth Financial LP now owns 487 shares of the construction company’s stock valued at $27,000 after buying an additional 198 shares in the last quarter. KB Financial Partners LLC acquired a new stake in shares of CRH in the first quarter valued at about $30,000. Hexagon Capital Partners LLC lifted its stake in shares of CRH by 37.6% in the second quarter. Hexagon Capital Partners LLC now owns 809 shares of the construction company’s stock worth $45,000 after buying an additional 221 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in CRH by 146.2% during the first quarter. Tower Research Capital LLC TRC now owns 1,029 shares of the construction company’s stock worth $52,000 after acquiring an additional 611 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in CRH by 231.6% during the 1st quarter. Global Retirement Partners LLC now owns 1,376 shares of the construction company’s stock valued at $66,000 after acquiring an additional 961 shares in the last quarter. Hedge funds and other institutional investors own 8.21% of the company’s stock.
Analyst Ratings Changes
CRH has been the subject of a number of analyst reports. StockNews.com began coverage on CRH in a research report on Tuesday, October 24th. They issued a “strong-buy” rating for the company. Citigroup raised their target price on CRH from $75.61 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $44.63.
CRH Trading Up 0.2 %
NYSE:CRH opened at $56.88 on Friday. CRH plc has a 52 week low of $36.14 and a 52 week high of $60.72. The stock’s fifty day moving average is $55.54 and its two-hundred day moving average is $54.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 1.34.
CRH Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, October 20th will be issued a $0.25 dividend. This represents a dividend yield of 0.4%. The ex-dividend date is Thursday, October 19th.
CRH plc, through its subsidiaries, manufactures and distributes building materials in Ireland and internationally. It operates through 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, kerbs, retaining walls, and related patio products; It also offers precast concrete and polymer-based products, such as underground vaults, drainage pipes and structures, utility enclosures, and modular precast structures to the water, energy, communication, transportation, and building structures markets; and construction accessories, such as engineered anchoring, fixing, and connection solutions, as well as lifting systems, formwork accessories, and other accessories used in construction applications.
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