Crh Plc (NYSE:CRH – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Investors of record on Friday, August 14th will be paid a dividend of 0.39 per share by the construction company on Wednesday, September 16th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th.
CRH has increased its dividend payment by an average of 0.1%annually over the last three years. CRH has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CRH to earn $6.68 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 23.4%.
CRH Price Performance
Shares of CRH stock opened at $101.14 on Wednesday. CRH has a one year low of $94.11 and a one year high of $131.55. The stock has a fifty day moving average price of $104.45 and a 200 day moving average price of $110.07. The stock has a market cap of $67.29 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34.
Institutional Trading of CRH
Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after acquiring an additional 5,316 shares in the last quarter. Empowered Funds LLC increased its holdings in CRH by 5.3% during the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 658 shares in the last quarter. Sivia Capital Partners LLC raised its position in CRH by 58.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after purchasing an additional 1,579 shares during the last quarter. Sei Investments Co. raised its position in CRH by 18.9% in the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after purchasing an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in CRH by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after purchasing an additional 2,348 shares in the last quarter. 62.50% of the stock is owned by institutional investors.
About CRH
CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.
CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.
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