Citigroup Inc. increased its holdings in Crh Plc (NYSE:CRH) by 286.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 525,422 shares of the construction company’s stock after buying an additional 389,515 shares during the period. Citigroup Inc. owned about 0.06% of Crh Plc worth $18,638,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank boosted its position in shares of Crh Plc by 5.0% in the 2nd quarter. Huntington National Bank now owns 2,842 shares of the construction company’s stock worth $101,000 after buying an additional 135 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Crh Plc in the 2nd quarter worth about $149,000. Grove Bank & Trust boosted its position in shares of Crh Plc by 69.3% in the 2nd quarter. Grove Bank & Trust now owns 4,910 shares of the construction company’s stock worth $174,000 after buying an additional 2,010 shares in the last quarter. Financial Counselors Inc. boosted its position in shares of Crh Plc by 1.7% in the 1st quarter. Financial Counselors Inc. now owns 7,654 shares of the construction company’s stock worth $269,000 after buying an additional 126 shares in the last quarter. Finally, Atria Investments LLC purchased a new stake in shares of Crh Plc in the 2nd quarter worth about $275,000. Institutional investors and hedge funds own 4.05% of the company’s stock.
Several research firms recently commented on CRH. BidaskClub upgraded shares of Crh Plc from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Morgan Stanley raised shares of Crh Plc from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $30.50 to $32.50 in a research note on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $32.50.
Shares of Crh Plc (CRH) traded down 0.31% on Wednesday, reaching $35.92. 141,178 shares of the company traded hands. The firm has a 50-day moving average of $34.91 and a 200-day moving average of $35.51. The company has a market capitalization of $29.97 billion, a PE ratio of 18.96 and a beta of 0.98. Crh Plc has a 52-week low of $31.55 and a 52-week high of $38.04.
The business also recently declared a None dividend, which will be paid on Monday, November 13th. Investors of record on Friday, September 8th will be given a $0.226 dividend. This is a positive change from Crh Plc’s previous None dividend of $0.20. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 1.33%.
Crh Plc 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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