Ancora Advisors LLC Acquires Shares of 188,411 Crh Plc $CRH

Ancora Advisors LLC bought a new position in Crh Plc (NYSE:CRH - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 188,411 shares of the construction company's stock, valued at approximately $20,160,000.

A number of other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in CRH during the second quarter valued at approximately $78,000. Great Lakes Advisors LLC acquired a new position in CRH in the 2nd quarter valued at approximately $1,067,000. Commerzbank Aktiengesellschaft FI purchased a new stake in CRH in the 2nd quarter worth approximately $2,229,000. Ballast Inc. acquired a new stake in shares of CRH during the 2nd quarter valued at $396,000. Finally, Northside Capital Management LLC raised its stake in shares of CRH by 19.1% during the 2nd quarter. Northside Capital Management LLC now owns 102,493 shares of the construction company's stock worth $10,967,000 after purchasing an additional 16,428 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRH. Stephens cut their price objective on shares of CRH from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company cut their target price on CRH from $135.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, July 8th. Jefferies Financial Group boosted their price target on CRH from $149.00 to $165.60 and gave the stock a "buy" rating in a research report on Friday, June 26th. DA Davidson began coverage on CRH in a research note on Monday. They issued a "buy" rating and a $137.00 price objective on the stock. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of CRH in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $140.57.

CRH Price Performance

Shares of CRH stock opened at $96.42 on Wednesday. Crh Plc has a one year low of $92.52 and a one year high of $131.55. The stock has a fifty day moving average price of $102.46 and a 200 day moving average price of $108.14. The stock has a market cap of $64.15 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.19. The company had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS. Equities research analysts anticipate that Crh Plc will post 5.8 EPS for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be paid a $0.39 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH's payout ratio is 27.51%.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH's core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.

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