Renaissance Investment Group LLC cut its position in shares of CRH plc (NYSE:CRH – Get Rating ) by 28.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,744 shares of the construction company’s stock after selling 24,312 shares during the period. Renaissance Investment Group LLC’s holdings in CRH were worth $2,377,000 as of its most recent SEC filing.
→ “King Of Quants” Sees 10X Potential… (From Investor Place Media)
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Greenhaven Associates Inc. increased its holdings in shares of CRH by 0.7% in the fourth quarter. Greenhaven Associates Inc. now owns 1,808,045 shares of the construction company’s stock valued at $71,942,000 after buying an additional 13,090 shares in the last quarter. Teacher Retirement System of The State of Kentucky acquired a new stake in shares of CRH in the third quarter valued at $12,212,000. Thornburg Investment Management Inc. raised its holdings in shares of CRH by 3.0% in the third quarter. Thornburg Investment Management Inc. now owns 94,623 shares of the construction company’s stock valued at $3,050,000 after buying an additional 2,797 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its holdings in shares of CRH by 14,136.0% during the third quarter. BNP Paribas Arbitrage SNC now owns 15,802 shares of the construction company’s stock valued at $509,000 after purchasing an additional 15,691 shares in the last quarter. Finally, Trexquant Investment LP boosted its holdings in shares of CRH by 31.0% in the third quarter. Trexquant Investment LP now owns 29,015 shares of the construction company’s stock valued at $935,000 after buying an additional 6,860 shares during the last quarter. 5.51% of the shares are currently owned by institutional investors and hedge funds.
CRH shares fell 1.5%
NYSE:CRH opened at $48.12 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.67 and a quick earnings ratio of 1.19. The firm has a 50-day moving average of $47.28 and a 200-day moving average of $40.67. CRH plc has a 1 year low of $31.22 and a 1 year high of $52.20.
CRH increases dividend
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, May 11th. Shareholders of record on Friday, March 17th will be given a $1.03 dividend. This is an increase from CRH’s previous semi-annual dividend of $0.24. This represents a yield of 2.3%. The ex-dividend date is Thursday, March 16th.
The Wall Street analyst weighs in
A number of analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of CRH in a research report on Thursday. They assign a “strong buy” rating to the company. Credit Suisse Group reduced their target price on shares of CRH from €50.00 ($53.76) to €48.00 ($51.61) and set an “outperform” rating for the company in a research report on Wednesday, 23 November. Redburn Partners raised shares of CRH from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of CRH from €50.00 ($53.76) to €48.00 ($51.61) and set an “overweight” rating for the company in a research report on Thursday, December 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.00, according to MarketBeat.
CRH Company Profile
CRH Plc manufactures and distributes building materials and products for the construction industry. It operates in the following segments: American Materials, European Materials and Building Products. The Americas Materials segment provides paving services and manufactures materials such as cement, aggregates, ready-mixed concrete and asphalt.
This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider CRH, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes a nosedive … and CRH wasn’t on the list.
Although CRH currently has a “Buy” rating among analysts, the top-rated analysts think these five stocks are better buys.
Check out the five stocks here