CRH plc (NYSE:CRH) Stake Lowered by MGO One Seven LLC

Posted by on Apr 8th, 2023

MGO One Seven LLC reduced its stake in shares of CRH plc (NYSE:CRH – Get Rating) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,561 shares of the construction company’s stock after selling 845 shares during the period. MGO One Seven LLC’s holdings in CRH were worth $341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wipfli Financial Advisors LLC purchased a new position in shares of CRH during the 3rd quarter valued at $69,000. Janiczek Wealth Management LLC lifted its stake in shares of CRH by 39.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 3,265 shares of the construction company’s stock valued at $146,000 after purchasing an additional 922 shares during the last quarter. Gradient Investments LLC lifted its stake in shares of CRH by 9.6% in the 3rd quarter. Gradient Investments LLC now owns 11,743 shares of the construction company’s stock valued at $378,000 after purchasing an additional 1,028 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of CRH by 17.4% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 8,673 shares of the construction company’s stock valued at $280,000 after purchasing an additional 1,283 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of CRH by 51.6% in the 3rd quarter. Creative Planning now owns 10,105 shares of the construction company’s stock valued at $326,000 after purchasing an additional 3,441 shares during the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 1.4 %

CRH stock opened at $47.77 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.67 and a quick ratio of 1.19. CRH plc has a fifty-two week low of $31.22 and a fifty-two week high of $52.20. The firm has a fifty day moving average price of $48.54 and a two-hundred day moving average price of $41.98.

CRH Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 11th. Shareholders of record on Friday, March 17th will be given a dividend of $1.03 per share. This is a positive change from CRH’s previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Thursday, March 16th. This represents a yield of 2.3%.

Wall Street Analyst Weigh In

CRH has been the subject of several analyst reports. StockNews.com initiated coverage on shares of CRH in a research note on Thursday, March 16th. They issued a “strong-buy” rating for the company. Redburn Partners raised shares of CRH from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 3rd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $48.00.

CRH Profile

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CRH Plc manufactures and distributes building materials and products for the construction industry. It operates business through the following segments: Americas Materials, Europe Materials, and Building Products. The Americas Materials segment provides asphalt paving services and produces materials such as cement, aggregates, ready mixed concrete, and asphalt.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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