Shelton Capital Management Buys 1,474 Shares of Crh Plc (CRH)
Shelton Capital Management grew its stake in Crh Plc (NYSE:CRH) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,005 shares of the construction company’s stock after buying an additional 1,474 shares during the period. Shelton Capital Management’s holdings in Crh Plc were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Huntington National Bank increased its stake in shares of Crh Plc by 5.0% in the second quarter. Huntington National Bank now owns 2,842 shares of the construction company’s stock valued at $101,000 after buying an additional 135 shares during the period. Legal & General Group Plc increased its stake in shares of Crh Plc by 1.1% in the first quarter. Legal & General Group Plc now owns 18,037 shares of the construction company’s stock valued at $634,000 after buying an additional 200 shares during the period. Greenleaf Trust increased its stake in shares of Crh Plc by 5.0% in the second quarter. Greenleaf Trust now owns 8,069 shares of the construction company’s stock valued at $286,000 after buying an additional 382 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Crh Plc by 3.4% in the second quarter. Wetherby Asset Management Inc. now owns 13,496 shares of the construction company’s stock valued at $479,000 after buying an additional 447 shares during the period. Finally, CIBC World Markets Inc. increased its stake in shares of Crh Plc by 4.9% in the second quarter. CIBC World Markets Inc. now owns 12,592 shares of the construction company’s stock valued at $447,000 after buying an additional 589 shares during the period. 4.05% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on CRH. Jefferies Group LLC began coverage on Crh Plc in a research note on Wednesday, September 27th. They issued a “buy” rating for the company. Morgan Stanley raised Crh Plc from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $30.50 to $32.50 in a research note on Wednesday, September 13th. Finally, BidaskClub raised Crh Plc from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Crh Plc presently has an average rating of “Hold” and an average price target of $32.50.
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Shares of Crh Plc (NYSE CRH) traded down 2.22% during midday trading on Friday, hitting $36.11. The stock had a trading volume of 172,352 shares. The stock has a market cap of $30.13 billion, a price-to-earnings ratio of 18.98 and a beta of 0.97. The firm’s 50-day moving average price is $35.61 and its 200-day moving average price is $35.66. Crh Plc has a 1-year low of $31.55 and a 1-year high of $38.06.
The firm also recently declared a None dividend, which will be paid on Monday, November 13th. Investors of record on Friday, September 8th will be issued a dividend of $0.226 per share. This represents a yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Crh Plc’s previous None dividend of $0.20.
Crh Plc Company Profile
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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