Wells Fargo & Company MN decreased its holdings in shares of Crh Plc (NYSE:CRH) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 359,416 shares of the construction company’s stock after selling 6,806 shares during the quarter. Wells Fargo & Company MN’s holdings in CRH were worth $12,706,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC acquired a new position in shares of CRH during the 1st quarter worth $142,000. M&T Bank Corp acquired a new position in shares of CRH during the 1st quarter worth $217,000. Atria Investments LLC acquired a new position in shares of CRH during the 2nd quarter worth $220,000. Raymond James Trust N.A. increased its stake in shares of CRH by 23.6% during the 2nd quarter. Raymond James Trust N.A. now owns 8,494 shares of the construction company’s stock worth $300,000 after purchasing an additional 1,624 shares during the last quarter. Finally, Brinker Capital Inc. acquired a new position in shares of CRH during the 1st quarter worth $367,000. Institutional investors own 4.60% of the company’s stock.
NYSE CRH opened at $33.02 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The firm has a market cap of $27.79 billion, a P/E ratio of 13.21, a PEG ratio of 1.94 and a beta of 0.92. Crh Plc has a 1 year low of $31.38 and a 1 year high of $39.32.
The company also recently disclosed a special dividend, which will be paid on Wednesday, October 3rd. Investors of record on Friday, September 7th will be issued a dividend of $0.2283 per share. The ex-dividend date is Thursday, September 6th. CRH’s dividend payout ratio is currently 37.20%.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of CRH from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. ValuEngine lowered shares of CRH from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Bank of America restated a “buy” rating on shares of CRH in a research note on Friday, August 31st. Finally, JPMorgan Chase & Co. set a $37.00 price objective on shares of CRH and gave the stock a “buy” rating in a report on Wednesday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. CRH presently has a consensus rating of “Buy” and an average target price of $36.50.
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.
Further Reading: Price to Earnings Ratio (PE)
Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH).
Receive News & Ratings for CRH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH and related companies with MarketBeat.com's FREE daily email newsletter.