CRH (NYSE:CRH) Reaches New 1-Year High at $35.62

Crh Plc (NYSE:CRH)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $35.62 and last traded at $35.51, with a volume of 28127 shares changing hands. The stock had previously closed at $34.97.

Several equities research analysts have issued reports on the stock. Deutsche Bank reissued a “buy” rating on shares of CRH in a report on Monday, October 14th. Goldman Sachs Group lowered shares of CRH from a “buy” rating to a “neutral” rating in a report on Thursday, September 5th. Zacks Investment Research raised shares of CRH from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 14th. Jefferies Financial Group reissued a “buy” rating and issued a $33.40 price target on shares of CRH in a report on Tuesday, July 16th. Finally, Barclays lowered shares of CRH from an “overweight” rating to an “equal weight” rating in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. CRH has a consensus rating of “Buy” and an average price target of $33.47.

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.91 and a current ratio of 1.35. The company’s 50 day moving average price is $33.97 and its 200 day moving average price is $32.99. The company has a market cap of $29.34 billion, a price-to-earnings ratio of 15.28 and a beta of 0.91.

The company also recently announced a — dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th were paid a $0.2224 dividend. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 2.5%. CRH’s dividend payout ratio is presently 15.28%.

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of CRH by 25.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,575,500 shares of the construction company’s stock valued at $51,598,000 after purchasing an additional 316,500 shares in the last quarter. Northern Trust Corp boosted its stake in shares of CRH by 2.7% in the 2nd quarter. Northern Trust Corp now owns 952,430 shares of the construction company’s stock valued at $31,192,000 after purchasing an additional 25,215 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of CRH by 5.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 856,335 shares of the construction company’s stock valued at $28,045,000 after purchasing an additional 41,286 shares in the last quarter. Aperio Group LLC boosted its stake in shares of CRH by 18.3% in the 2nd quarter. Aperio Group LLC now owns 430,581 shares of the construction company’s stock valued at $14,102,000 after purchasing an additional 66,561 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of CRH by 191.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 415,675 shares of the construction company’s stock valued at $13,613,000 after purchasing an additional 273,175 shares in the last quarter. Institutional investors own 4.46% of the company’s stock.

About CRH (NYSE:CRH)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.

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