Allspring Global Investments Holdings LLC Has $4.21 Million Stake in Crh Plc $CRH

Allspring Global Investments Holdings LLC increased its position in Crh Plc (NYSE:CRH) by 236.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,297 shares of the construction company’s stock after purchasing an additional 23,411 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CRH were worth $4,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in shares of CRH by 12.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after buying an additional 86 shares during the last quarter. L2 Asset Management LLC lifted its position in shares of CRH by 3.0% in the second quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock valued at $278,000 after buying an additional 89 shares during the last quarter. UMB Bank n.a. lifted its position in shares of CRH by 34.8% in the third quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after buying an additional 92 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of CRH by 2.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after buying an additional 96 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of research analyst reports. DA Davidson set a $120.00 price objective on shares of CRH in a research report on Friday, February 20th. UBS Group lifted their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

CRH Trading Down 0.5%

Shares of NYSE:CRH opened at $105.79 on Wednesday. The firm has a 50 day moving average of $113.85 and a 200-day moving average of $117.89. The stock has a market capitalization of $70.69 billion, a PE ratio of 19.16, a PEG ratio of 1.83 and a beta of 1.35. Crh Plc has a 12 month low of $77.79 and a 12 month high of $131.55.

CRH (NYSE:CRH) last issued its earnings results on Thursday, February 19th. The construction company reported $1.52 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.68). CRH had a net margin of 10.02% and a return on equity of 15.98%. The firm had revenue of $9.42 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. CRH’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.5%. This is a boost from CRH’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 6th. CRH’s payout ratio is 28.26%.

CRH Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.