3Chopt Investment Partners LLC Reduces Position in Crh Plc $CRH

Key Points

• 3Chopt Investment Partners LLC significantly reduced its position in CRH Plc by 63.5% in the second quarter, owning 5,543 shares after selling 9,641 shares.
• Multiple institutional investors have increased their holdings in CRH, with 62.50% of the stock owned by hedge funds and other institutional investors.
• CRH recently announced a quarterly dividend of $0.37 per share, yielding 1.3% annually, with a dividend payout ratio of 23.22%.

3Chopt Investment Partners LLC cut its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 63.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,543 shares of the construction company's stock after selling 9,641 shares during the period. 3Chopt Investment Partners LLC's holdings in CRH were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Park Place Capital Corp boosted its position in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after buying an additional 115 shares during the last quarter. Diversify Advisory Services LLC boosted its position in shares of CRH by 5.0% during the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock valued at $240,000 after buying an additional 123 shares during the last quarter. Callan Family Office LLC boosted its position in shares of CRH by 4.4% during the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock valued at $270,000 after buying an additional 129 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of CRH by 1.7% during the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after buying an additional 139 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in CRH by 0.9% in the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock worth $1,342,000 after purchasing an additional 140 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CRH shares. UBS Group set a $152.00 target price on CRH in a research report on Wednesday, October 1st. Sanford C. Bernstein raised their target price on CRH from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Morgan Stanley set a $134.00 target price on CRH in a research report on Thursday. Vertical Research raised CRH to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company started coverage on CRH in a research report on Tuesday. They issued an "overweight" rating and a $135.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $127.21.

CRH Stock Down 0.3%

NYSE CRH opened at $117.54 on Friday. The stock's 50-day moving average price is $112.05 and its 200-day moving average price is $98.98. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.88. The company has a market capitalization of $79.06 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32.

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

CRH Dividend Announcement

The firm also recently announced 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. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 22nd. CRH's dividend payout ratio (DPR) is 23.22%.

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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