CRH (CRH) Sets New 1-Year Low at $29.02

Crh Plc (NYSE:CRH)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $29.02 and last traded at $28.83, with a volume of 100692 shares. The stock had previously closed at $30.40.

A number of equities analysts have commented on CRH shares. ValuEngine lowered shares of CRH from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Bank of America reiterated a “buy” rating on shares of CRH in a report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $38.50.

The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $25.50 billion, a P/E ratio of 11.24 and a beta of 0.87.

The company also recently disclosed a special dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Friday, September 7th were issued a $0.2283 dividend. The ex-dividend date was Thursday, September 6th. CRH’s dividend payout ratio is currently 14.80%.

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in CRH by 8.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 226,229 shares of the construction company’s stock worth $7,997,000 after buying an additional 16,975 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of CRH by 193.4% in the 2nd quarter. Brandes Investment Partners LP now owns 258,034 shares of the construction company’s stock valued at $9,122,000 after purchasing an additional 170,085 shares in the last quarter. GMT Capital Corp raised its stake in shares of CRH by 32.7% in the 2nd quarter. GMT Capital Corp now owns 738,600 shares of the construction company’s stock valued at $26,110,000 after purchasing an additional 182,200 shares in the last quarter. Aperio Group LLC raised its stake in shares of CRH by 6.8% in the 2nd quarter. Aperio Group LLC now owns 400,632 shares of the construction company’s stock valued at $14,162,000 after purchasing an additional 25,496 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of CRH by 192.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 105,100 shares of the construction company’s stock valued at $3,715,000 after purchasing an additional 69,200 shares in the last quarter. Hedge funds and other institutional investors own 4.60% of the company’s stock.

About CRH (NYSE:CRH)

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: What is a Leveraged Buyout (LBO)?

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