2 weeks Ago By ABMN Staff
Makena Capital Management LLC boosted its position in CRH plc ( NYSE:CRH – Free Report ) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,406 shares of the construction company’s stock after purchasing an additional 11,732 shares during the quarter.
CRH comprises 2.6% of Makena Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Makena Capital Management LLC’s holdings in CRH were worth $11,127,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRH. Nordea Investment Management AB purchased a new position in CRH in the first quarter worth $71,172,000. Janney Montgomery Scott LLC increased its position in shares of CRH by 211.
8% during the 1st quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company’s stock valued at $3,337,000 after purchasing an additional 26,276 shares during the last quarter. Norden Group LLC bought a new position in shares of CRH during the 1st quarter valued at about $4,041,000.
Cetera Advisors LLC bought a new stake in shares of CRH in the 1st quarter worth approximately $1,277,000. Finally, SG Americas Securities LLC boosted its position in CRH by 510.9% during the first quarter.
SG Americas Securities LLC now owns 22,751 shares of the construction company’s stock valued at $1,963,000 after buying an additional 19,027 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
CRH Trading Up 1.5 % NYSE:CRH opened at $93.24 on Friday.
The company’s 50 day moving average price is $85.30 and its 200-day moving average price is $81.99.
CRH plc has a 52 week low of $51.59 and a 52 week high of $94.14.
CRH Cuts Dividend The business also recently announced a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were given a $0.35 dividend.
This represents a yield of 1.7%. The ex-dividend date was Friday, August 23rd.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on CRH shares. Stephens began coverage on CRH in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $95.
00 target price for the company. DA Davidson raised their price target on CRH from $100.00 to $110.
00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Truist Financial upped their price objective on shares of CRH from $100.00 to $110.
00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.
Finally, Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $87.00 to $88.00 in a report on Tuesday, July 9th.
Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.
View Our Latest Stock Report on CRH CRH Company Profile ( Free Report ) CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.
Featured Articles 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 – Free Report ). 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.
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