Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Crh Plc (NYSE:CRH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,089 shares of the construction company's stock, valued at approximately $360,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in CRH in the 4th quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new position in CRH in the 4th quarter valued at about $32,000. Park Square Financial Group LLC purchased a new position in CRH in the 4th quarter valued at about $32,000. Colonial Trust Co SC purchased a new position in CRH in the 4th quarter valued at about $37,000. Finally, GW&K Investment Management LLC raised its stake in shares of CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after purchasing an additional 208 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CRH. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Vertical Research upgraded shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. DA Davidson restated a "neutral" rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $112.00 price objective (up previously from $108.00) on shares of CRH in a research note on Friday, August 8th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $113.18.
Check Out Our Latest Report on CRH
CRH Stock Down 0.9%
NYSE CRH traded down $0.96 on Friday, reaching $110.79. 2,780,159 shares of the stock traded hands, compared to its average volume of 5,617,036. The firm's fifty day simple moving average is $95.76 and its 200 day simple moving average is $95.29. The company has a market cap of $74.86 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 1.46 and a beta of 1.26. Crh Plc has a 12 month low of $76.75 and a 12 month high of $113.95.
CRH (NYSE:CRH - Get Free Report) last issued 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 company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%. The business's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 earnings per share. As a group, equities research analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.
CRH Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd will be issued a $0.37 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. CRH's dividend payout ratio is presently 23.22%.
CRH Profile
(
Free Report)
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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