Acrospire Investment Management LLC acquired a new stake in shares of CRH PLC (NYSE:CRH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,200 shares of the construction company’s stock, valued at approximately $149,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Huntington National Bank lifted its stake in shares of CRH PLC by 5.0% during the second quarter. Huntington National Bank now owns 2,842 shares of the construction company’s stock valued at $101,000 after buying an additional 135 shares during the period. Grove Bank & Trust lifted its stake in shares of CRH PLC by 69.3% during the second quarter. Grove Bank & Trust now owns 4,910 shares of the construction company’s stock valued at $174,000 after buying an additional 2,010 shares during the period. Financial Counselors Inc. lifted its stake in shares of CRH PLC by 1.7% during the first quarter. Financial Counselors Inc. now owns 7,654 shares of the construction company’s stock valued at $269,000 after buying an additional 126 shares during the period. Atria Investments LLC purchased a new position in shares of CRH PLC during the second quarter valued at approximately $275,000. Finally, Greenleaf Trust lifted its stake in shares of CRH PLC by 5.0% during the second quarter. Greenleaf Trust now owns 8,069 shares of the construction company’s stock valued at $286,000 after buying an additional 382 shares during the period. 4.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of CRH PLC from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Morgan Stanley raised shares of CRH PLC from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $30.50 to $32.50 in a research note on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. CRH PLC has an average rating of “Hold” and a consensus price target of $32.50.

CRH PLC (NYSE:CRH) traded up 0.53% during trading on Tuesday, reaching $36.08. 193,917 shares of the company’s stock were exchanged. CRH PLC has a 52 week low of $31.55 and a 52 week high of $38.04. The company’s 50 day moving average price is $34.88 and its 200-day moving average price is $35.51. The stock has a market capitalization of $30.11 billion, a price-to-earnings ratio of 19.04 and a beta of 0.98.

The firm also recently disclosed a None dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, September 8th will be issued a $0.226 dividend. The ex-dividend date is Thursday, September 7th. This represents a yield of 1.33%. This is a boost from CRH PLC’s previous None dividend of $0.20.

COPYRIGHT VIOLATION NOTICE: This article was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/19/4200-shares-in-crh-plc-crh-acquired-by-acrospire-investment-management-llc.html.

CRH PLC Profile

CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.

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).

Institutional Ownership by Quarter for CRH PLC (NYSE:CRH)

Receive News & Stock Ratings for CRH PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH PLC and related stocks with our FREE daily email newsletter.