9,602 Shares in Crh Plc (NYSE:CRH) Purchased by Persistent Asset Partners Ltd

Key Points

• Persistent Asset Partners Ltd acquired 9,602 shares of CRH Plc, worth approximately $845,000, indicating growing institutional interest in the construction company.
• CRH's stock recently showed a 1.7% decline to $107.49, with a market cap of $72.63 billion and a 52-week high of $110.97.
• The company announced a quarterly dividend of $0.37 per share, which will be paid on September 24th, reflecting a 1.4% yield.

Persistent Asset Partners Ltd bought a new position in shares of Crh Plc (NYSE:CRH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,602 shares of the construction company's stock, valued at approximately $845,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in CRH in the fourth quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in CRH in the fourth quarter valued at approximately $32,000. Park Square Financial Group LLC bought a new stake in CRH in the fourth quarter valued at approximately $32,000. Colonial Trust Co SC bought a new stake in CRH in the fourth quarter valued at approximately $37,000. Finally, GW&K Investment Management LLC raised its stake in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after buying an additional 208 shares during the period. Institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CRH shares. Sanford C. Bernstein started coverage on CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $112.00 price objective (up previously from $108.00) on shares of CRH in a research note on Friday. Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Friday. DA Davidson reiterated a "neutral" rating and set a $105.00 target price (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Finally, Vertical Research upgraded CRH to a "strong-buy" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $113.18.

CRH Stock Down 1.7%

NYSE CRH opened at $107.49 on Tuesday. The company has a market cap of $72.63 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.40 and a beta of 1.26. Crh Plc has a 52 week low of $76.75 and a 52 week high of $110.97. The business has a 50 day moving average price of $94.50 and a 200-day moving average price of $94.95.

CRH (NYSE:CRH - Get Free Report) last released 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 firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 EPS. On average, equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 22nd. CRH's dividend payout ratio 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.

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.