Todd Asset Management LLC lifted its position in shares of CRH plc (NYSE:CRH) by 4.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 457,733 shares of the construction company’s stock after acquiring an additional 19,792 shares during the quarter. Todd Asset Management LLC owned approximately 0.05% of CRH worth $15,572,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CRH. Boston Partners grew its stake in shares of CRH by 367.7% during the 1st quarter. Boston Partners now owns 7,461,449 shares of the construction company’s stock worth $253,839,000 after acquiring an additional 5,865,963 shares during the period. BlackRock Inc. grew its stake in shares of CRH by 1,184,910.1% during the 4th quarter. BlackRock Inc. now owns 1,291,661 shares of the construction company’s stock worth $46,616,000 after acquiring an additional 1,291,552 shares during the period. Caxton Associates LP bought a new position in shares of CRH during the 4th quarter worth $19,850,000. Two Sigma Investments LP grew its stake in shares of CRH by 251.5% during the 4th quarter. Two Sigma Investments LP now owns 264,488 shares of the construction company’s stock worth $9,545,000 after acquiring an additional 189,245 shares during the period. Finally, Neuberger Berman Group LLC bought a new position in shares of CRH during the 1st quarter worth $5,620,000. 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 quick ratio of 1.17, a current ratio of 1.62 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $30.96 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 2.16 and a beta of 0.92.
The business also recently announced a semiannual dividend, which was paid on Friday, May 11th. Shareholders of record on Monday, March 12th were paid a $0.6011 dividend. The ex-dividend date was Friday, March 9th. This represents a yield of 3.5%. This is an increase from CRH’s previous semiannual dividend of $0.48. CRH’s dividend payout ratio (DPR) is currently 37.20%.
Several research analysts have recently weighed in on CRH shares. Zacks Investment Research upgraded CRH from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, February 8th. Goldman Sachs Group started coverage on CRH in a research note on Sunday, March 11th. They set a “buy” rating for the company. JPMorgan Chase & Co. set a $37.00 price target on CRH and gave the stock a “buy” rating in a research note on Wednesday. BNP Paribas upgraded CRH from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 14th. Finally, Exane BNP Paribas upgraded CRH from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. CRH presently has a consensus rating of “Buy” and an average price target of $36.50.
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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