Appleton Partners Inc. MA Has $3.35 Million Holdings in Crh Plc $CRH

Key Points

• Appleton Partners Inc. MA reduced its stake in CRH Plc by 5.9%, owning 36,521 shares valued at approximately $3.35 million as of the latest SEC filing.
• CRH recently announced a quarterly dividend of $0.37 per share, resulting in an annualized dividend of $1.48 and a yield of 1.2%.
• The company's stock has a current market capitalization of $80.72 billion and was trading at around $120.01 with a P/E ratio of 25.11.

Appleton Partners Inc. MA lessened its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,521 shares of the construction company's stock after selling 2,297 shares during the period. Appleton Partners Inc. MA's holdings in CRH were worth $3,353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Park Place Capital Corp grew its stake in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. Diversify Advisory Services LLC grew its stake in shares of 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 buying an additional 123 shares in the last quarter. Callan Family Office LLC grew its stake in shares of 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 buying an additional 129 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of 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 buying an additional 139 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of CRH by 0.9% in the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after buying 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

NYSE CRH opened at $120.01 on Monday. The firm has a market cap of $80.72 billion, a P/E ratio of 25.11, a P/E/G ratio of 1.59 and a beta of 1.32. The stock's 50-day moving average is $110.42 and its 200-day moving average is $98.42. Crh Plc has a one year low of $76.75 and a one year high of $121.88.

CRH (NYSE:CRH - Get Free Report) last announced its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 EPS. Equities 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. Stockholders of record on Friday, August 22nd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 22nd. CRH's payout ratio is currently 23.22%.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of CRH in a research report on Saturday, September 27th. Bank of America assumed coverage on CRH in a research report on Friday, September 26th. They set a "buy" rating and a $128.00 target price for the company. Truist Financial upped their price target on CRH from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. began coverage on CRH in a report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $124.31.

About CRH

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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