10,440 Shares in Crh Plc $CRH Purchased by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC acquired a new position in Crh Plc by purchasing 10,440 shares valued at approximately $958,000 during the second quarter.
• Crh Plc reported earnings per share (EPS) of $1.94, missing the consensus estimate by $0.12, while its quarterly revenue reached $10.21 billion.
• The company also declared a quarterly dividend of $0.37 per share, which contributes to an annualized dividend yield of 1.3%.

Applied Finance Capital Management LLC purchased a new position in shares of Crh Plc (NYSE:CRH - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,440 shares of the construction company's stock, valued at approximately $958,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Park Place Capital Corp boosted its holdings in CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in CRH by 5.0% in the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock valued at $240,000 after purchasing an additional 123 shares in the last quarter. Callan Family Office LLC boosted its holdings in CRH by 4.4% in the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock valued at $270,000 after purchasing an additional 129 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in CRH by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after purchasing an additional 139 shares in the last quarter. Finally, LRI Investments LLC boosted its holdings in CRH by 9.2% in the 2nd quarter. LRI Investments LLC now owns 1,669 shares of the construction company's stock valued at $153,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Price Performance

Shares of NYSE:CRH opened at $117.48 on Friday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.88. The firm has a market capitalization of $79.02 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32. The business's 50 day simple moving average is $114.08 and its 200-day simple moving average is $100.06.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a return on equity of 15.68% and a net margin of 9.09%.The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. The company's revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 22nd. CRH's payout ratio is currently 23.22%.

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of analyst reports. UBS Group initiated coverage on CRH in a report on Tuesday. They issued a "buy" rating and a $138.00 price objective on the stock. DA Davidson reaffirmed a "neutral" rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. JPMorgan Chase & Co. started coverage on CRH in a research note on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target on the stock. Wells Fargo & Company raised CRH to a "strong-buy" rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of CRH in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $126.21.

CRH Company Profile

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.

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