Ameriprise Financial Inc. lessened its stake in shares of CRH PLC (NYSE:CRH) by 22.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,286 shares of the construction company’s stock after selling 25,446 shares during the period. Ameriprise Financial Inc.’s holdings in CRH PLC were worth $3,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dorsey Wright & Associates boosted its holdings in shares of CRH PLC by 51.9% during the 2nd quarter. Dorsey Wright & Associates now owns 71,327 shares of the construction company’s stock valued at $1,105,000 after purchasing an additional 24,370 shares during the last quarter. CIBC World Markets Inc. boosted its holdings in shares of CRH PLC by 4.9% during the 2nd quarter. CIBC World Markets Inc. now owns 12,592 shares of the construction company’s stock valued at $447,000 after purchasing an additional 589 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of CRH PLC by 59.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 459,082 shares of the construction company’s stock valued at $16,283,000 after purchasing an additional 171,209 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of CRH PLC by 7.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 46,695 shares of the construction company’s stock valued at $1,656,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of CRH PLC by 11.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 9,101 shares of the construction company’s stock valued at $322,000 after purchasing an additional 925 shares during the last quarter. 4.05% of the stock is owned by institutional investors and hedge funds.

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CRH has been the subject of several research reports. BidaskClub downgraded shares of CRH PLC from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Jefferies Group LLC started coverage on shares of CRH PLC in a research report on Wednesday, September 27th. They set a “buy” rating on the stock. Finally, Morgan Stanley upgraded shares of CRH PLC from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $30.50 to $32.50 in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.50.

Shares of CRH PLC (CRH) opened at 37.58 on Friday. CRH PLC has a 12 month low of $31.55 and a 12 month high of $38.06. The stock has a market capitalization of $31.36 billion, a PE ratio of 19.75 and a beta of 0.97. The stock’s 50 day moving average is $36.38 and its 200 day moving average is $35.85.

The firm also recently declared a None dividend, which will be paid on Monday, November 13th. Investors of record on Friday, September 8th will be given a dividend of $0.226 per share. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from CRH PLC’s previous None dividend of $0.20. This represents a yield of 1.33%.

About CRH PLC

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.

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

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