Healthcare of Ontario Pension Plan Trust Fund decreased its position in Crh Plc (NYSE:CRH – Free Report) by 34.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 228,981 shares of the construction company’s stock after selling 120,503 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CRH were worth $28,577,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Board of the Pension Protection Fund bought a new stake in shares of CRH in the 4th quarter valued at approximately $25,000. Harbor Investment Advisory LLC grew its stake in shares of CRH by 87.6% in the 4th 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 in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of CRH in the 4th quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. grew its stake in shares of CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of CRH in the 4th quarter valued at approximately $37,000. Institutional investors own 62.50% of the company’s stock.
CRH Trading Up 3.1%
CRH opened at $109.77 on Tuesday. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55. The stock has a market capitalization of $73.35 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.85 and a beta of 1.31. The business has a 50 day moving average of $109.66 and a 200-day moving average of $115.96.
CRH Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio is currently 28.89%.
Analyst Ratings Changes
A number of brokerages have issued reports on CRH. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company upped their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their target price on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $139.54.
View Our Latest Stock Analysis on CRH
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.
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