Panoramic Capital LLC Buys New Position in CRH plc (NYSE:CRH)

Panoramic Capital LLC acquired a new position in CRH plc (NYSE:CRH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59,002 shares of the construction company's stock, valued at approximately $5,459,000. CRH makes up about 2.9% of Panoramic Capital LLC's investment portfolio, making the stock its 7th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its position in CRH by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock valued at $216,000 after acquiring an additional 109 shares during the period. Covestor Ltd grew its stake in shares of CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock worth $70,000 after acquiring an additional 128 shares during the period. Parallel Advisors LLC grew its stake in shares of CRH by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock worth $630,000 after acquiring an additional 129 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of CRH by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock worth $405,000 after buying an additional 136 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock worth $90,000 after buying an additional 150 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRH. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Berenberg Bank set a $120.00 target price on shares of CRH in a research note on Friday, February 28th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Sanford C. Bernstein initiated coverage on shares of CRH in a research report on Tuesday. They set an "outperform" rating and a $115.00 price target for the company. Finally, Royal Bank of Canada cut their price objective on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $112.58.

CRH Trading Up 1.2%

Shares of CRH stock traded up $1.15 during trading hours on Friday, reaching $98.98. The stock had a trading volume of 3,180,808 shares, compared to its average volume of 5,795,153. The firm has a 50 day simple moving average of $91.51 and a two-hundred day simple moving average of $96.32. The firm has a market capitalization of $66.87 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.15 and a beta of 1.33. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a net margin of 9.86% and a return on equity of 16.35%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. Sell-side analysts forecast that CRH plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.50%. CRH's dividend payout ratio (DPR) is 23.52%.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.