Mackenzie Financial Corp purchased a new position in shares of Crh Plc (NYSE:CRH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,400 shares of the construction company’s stock, valued at approximately $242,000.
Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in CRH during the second quarter worth about $42,000. Valeo Financial Advisors LLC increased its holdings in shares of CRH by 146.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,685 shares of the construction company’s stock worth $55,000 after buying an additional 1,000 shares during the period. NumerixS Investment Technologies Inc purchased a new position in shares of CRH in the first quarter worth about $90,000. Pacer Advisors Inc. purchased a new position in shares of CRH in the second quarter worth about $95,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of CRH in the second quarter worth about $159,000. 4.42% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on CRH. Deutsche Bank upgraded CRH from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Credit Suisse Group reiterated a “hold” rating and issued a $32.00 price objective on shares of CRH in a report on Friday, July 5th. Goldman Sachs Group downgraded CRH from a “buy” rating to a “neutral” rating in a report on Thursday, September 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $33.40 price objective on shares of CRH in a report on Tuesday, July 16th. Finally, Barclays downgraded CRH from an “overweight” rating to an “equal weight” rating in a report on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. CRH presently has an average rating of “Buy” and a consensus target price of $33.47.
The firm also recently declared a — dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 6th were issued a dividend of $0.2224 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 2.5%. CRH’s dividend payout ratio is presently 15.28%.
CRH Company Profile
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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