Goldman Sachs Group Inc. decreased its stake in Crh Plc (NYSE:CRH) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,725 shares of the construction company’s stock after selling 8,096 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Crh Plc were worth $11,588,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Citadel Advisors LLC boosted its stake in Crh Plc by 130.8% in the 2nd quarter. Citadel Advisors LLC now owns 54,971 shares of the construction company’s stock valued at $1,950,000 after buying an additional 31,149 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Crh Plc by 10.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 617,352 shares of the construction company’s stock valued at $21,897,000 after buying an additional 57,438 shares in the last quarter. Advisor Group Inc. boosted its stake in Crh Plc by 38.6% in the 2nd quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock valued at $160,000 after buying an additional 1,259 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Crh Plc by 2.3% in the 2nd quarter. Suntrust Banks Inc. now owns 107,111 shares of the construction company’s stock valued at $3,796,000 after buying an additional 2,378 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Crh Plc by 307.1% in the 2nd quarter. Quantbot Technologies LP now owns 7,319 shares of the construction company’s stock valued at $259,000 after buying an additional 5,521 shares in the last quarter. 4.05% of the stock is currently owned by institutional investors and hedge funds.
Crh Plc (NYSE CRH) opened at 35.93 on Wednesday. Crh Plc has a 12 month low of $31.55 and a 12 month high of $38.06. The company has a market cap of $29.98 billion, a P/E ratio of 18.88 and a beta of 0.97. The firm has a 50-day moving average price of $35.92 and a 200 day moving average price of $35.72.
The firm also recently announced a None dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, September 8th will be issued a $0.226 dividend. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Crh Plc’s previous None dividend of $0.20.
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Several 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 on the stock. BidaskClub raised Crh Plc from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Morgan Stanley raised Crh Plc from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $30.50 to $32.50 in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.50.
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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