Legal & General Group Plc Continues to Hold Position in CRH PLC (CRH)
Legal & General Group Plc held its stake in CRH PLC (NYSE:CRH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,037 shares of the construction company’s stock at the end of the second quarter. Legal & General Group Plc’s holdings in CRH PLC were worth $640,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRH. Huntington National Bank raised its stake in CRH PLC by 5.0% in the 2nd quarter. Huntington National Bank now owns 2,842 shares of the construction company’s stock valued at $101,000 after purchasing an additional 135 shares during the last quarter. Grove Bank & Trust raised its stake in CRH PLC by 69.3% in the 2nd quarter. Grove Bank & Trust now owns 4,910 shares of the construction company’s stock valued at $174,000 after purchasing an additional 2,010 shares during the last quarter. Financial Counselors Inc. raised its stake in CRH PLC by 1.7% in the 1st quarter. Financial Counselors Inc. now owns 7,654 shares of the construction company’s stock valued at $269,000 after purchasing an additional 126 shares during the last quarter. Atria Investments LLC acquired a new position in CRH PLC in the 2nd quarter valued at $275,000. Finally, Greenleaf Trust raised its stake in CRH PLC by 5.0% in the 2nd quarter. Greenleaf Trust now owns 8,069 shares of the construction company’s stock valued at $286,000 after purchasing an additional 382 shares during the last quarter. 4.05% of the stock is owned by hedge funds and other institutional investors.
CRH PLC (NYSE:CRH) opened at 37.46 on Thursday. The company has a 50-day moving average price of $35.57 and a 200 day moving average price of $35.65. CRH PLC has a 1-year low of $31.55 and a 1-year high of $38.06. The firm has a market capitalization of $31.26 billion, a P/E ratio of 19.68 and a beta of 0.97.
The company also recently announced a None dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, September 8th will be given a dividend of $0.226 per share. This represents a yield of 1.33%. This is an increase from CRH PLC’s previous None dividend of $0.20. The ex-dividend date is Thursday, September 7th.
Several research analysts recently commented on the company. Jefferies Group LLC assumed coverage on CRH PLC in a research note on Wednesday, September 27th. They issued a “buy” rating for the company. BidaskClub downgraded CRH PLC from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Morgan Stanley raised CRH PLC from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $30.50 to $32.50 in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $32.50.
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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