Crh Plc (NYSE:CRH) fell 1.4% during mid-day trading on Friday . The stock traded as low as $28.45 and last traded at $28.09. 70,862 shares changed hands during trading, a decline of 89% from the average session volume of 652,983 shares. The stock had previously closed at $28.48.
Several research firms recently issued reports on CRH. Bank of America reissued a “buy” rating on shares of CRH in a research note on Friday, August 31st. ValuEngine lowered CRH from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.50.
The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 0.93. The company has a market capitalization of $23.89 billion, a PE ratio of 11.32 and a beta of 0.87.
The company also recently declared a special dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Friday, September 7th were paid a dividend of $0.2283 per share. The ex-dividend date of this dividend was Thursday, September 6th. CRH’s dividend payout ratio (DPR) is currently 14.80%.
A number of hedge funds have recently modified their holdings of CRH. Bank of Montreal Can increased its holdings in shares of CRH by 0.6% in the second quarter. Bank of Montreal Can now owns 261,530 shares of the construction company’s stock worth $9,246,000 after buying an additional 1,544 shares during the period. Raymond James Trust N.A. increased its holdings in shares of CRH by 23.6% in the second quarter. Raymond James Trust N.A. now owns 8,494 shares of the construction company’s stock worth $300,000 after buying an additional 1,624 shares during the period. Thomas White International Ltd. increased its holdings in shares of CRH by 2.1% in the second quarter. Thomas White International Ltd. now owns 101,355 shares of the construction company’s stock worth $3,583,000 after buying an additional 2,046 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of CRH by 13.9% in the second quarter. Janney Montgomery Scott LLC now owns 16,885 shares of the construction company’s stock worth $597,000 after buying an additional 2,058 shares during the period. Finally, Manning & Napier Group LLC increased its holdings in shares of CRH by 3.1% in the third quarter. Manning & Napier Group LLC now owns 86,134 shares of the construction company’s stock worth $2,818,000 after buying an additional 2,628 shares during the period. 4.60% of the stock is owned by hedge funds and other institutional investors.
About CRH (NYSE:CRH)
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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