OLD National Bancorp IN Cuts Holdings in Crh Plc (CRH)
OLD National Bancorp IN lowered its holdings in shares of Crh Plc (NYSE:CRH) by 27.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,414 shares of the construction company’s stock after selling 4,329 shares during the period. OLD National Bancorp IN’s holdings in Crh Plc were worth $432,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank raised its position in Crh Plc by 5.0% during the second quarter. Huntington National Bank now owns 2,842 shares of the construction company’s stock worth $101,000 after acquiring an additional 135 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Crh Plc by 781.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock worth $134,000 after acquiring an additional 3,361 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Crh Plc during the second quarter worth about $149,000. Advisor Group Inc. raised its position in Crh Plc by 38.6% during the second quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock worth $160,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Grove Bank & Trust raised its position in Crh Plc by 69.3% during the second quarter. Grove Bank & Trust now owns 4,910 shares of the construction company’s stock worth $174,000 after acquiring an additional 2,010 shares during the last quarter. Institutional investors own 4.04% of the company’s stock.
CRH has been the subject of a number of research reports. Morgan Stanley upgraded shares of Crh Plc from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $30.50 to $32.50 in a research report on Wednesday, September 13th. BidaskClub cut shares of Crh Plc from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Jefferies Group LLC initiated coverage on shares of Crh Plc in a research report on Wednesday, September 27th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.50.
The company also recently announced 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. This represents a dividend yield of 1.33%. This is a boost from Crh Plc’s previous None dividend of $0.20. The ex-dividend date is Thursday, September 7th.
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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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