2,514 Shares in Crh Plc $CRH Acquired by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC has acquired 2,514 shares of CRH Plc, valued at approximately $231,000, as part of their new position reported in a recent SEC filing.
• CRH's recent earnings report showed an EPS of $1.94, missing the consensus estimate of $2.06, although revenue increased by 5.7% year-over-year.
• The company has a current market capitalization of $80.62 billion and a dividend yield of 1.2%, paying out $0.37 per share quarterly.

Trivium Point Advisory LLC bought a new position in shares of Crh Plc (NYSE:CRH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,514 shares of the construction company's stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of CRH during the 1st quarter worth approximately $744,000. Hsbc Holdings PLC raised its position in CRH by 100.2% in the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company's stock valued at $39,318,000 after purchasing an additional 226,602 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in CRH by 43.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock valued at $906,424,000 after purchasing an additional 3,108,416 shares during the last quarter. GAMMA Investing LLC raised its position in CRH by 27.4% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock valued at $169,000 after purchasing an additional 413 shares during the last quarter. Finally, National Pension Service raised its position in CRH by 8.6% in the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company's stock valued at $189,492,000 after purchasing an additional 170,702 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

NYSE CRH opened at $119.85 on Thursday. The stock has a fifty day moving average of $109.54 and a 200-day moving average of $98.09. The stock has a market capitalization of $80.62 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.32. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.88.

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

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. CRH's payout ratio is 23.22%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRH. UBS Group set a $152.00 price objective on CRH in a research report on Wednesday. Jefferies Financial Group upgraded CRH to a "strong-buy" rating in a research report on Monday, September 22nd. DA Davidson reiterated a "neutral" rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. JPMorgan Chase & Co. began coverage on CRH in a research report on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 price objective for the company. Finally, Vertical Research upgraded CRH to a "strong-buy" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $122.77.

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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