Ashton Thomas Private Wealth LLC Has $950,000 Holdings in Crh Plc $CRH

Key Points

• Ashton Thomas Private Wealth LLC has significantly reduced its holdings in CRH Plc by 70.9% during the first quarter, now owning 10,756 shares worth $950,000.
• Major institutional investors, including Vanguard Group Inc. and AGF Management Ltd., have increased their stakes in CRH, with Vanguard's holdings growing by 62.8% to over $5.6 billion.
• CRH has faced mixed analyst ratings, with two strong buy ratings, nine buy ratings, and a consensus target price of $114.64, despite a recent earnings miss.

Ashton Thomas Private Wealth LLC reduced its position in Crh Plc (NYSE:CRH - Free Report) by 70.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,756 shares of the construction company's stock after selling 26,188 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in CRH were worth $950,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CRH. Vanguard Group Inc. grew its holdings in CRH by 62.8% during the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company's stock worth $5,608,567,000 after acquiring an additional 24,591,538 shares during the period. Nuveen LLC bought a new stake in CRH in the first quarter worth approximately $597,888,000. Massachusetts Financial Services Co. MA lifted its stake in CRH by 43.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock valued at $906,424,000 after buying an additional 3,108,416 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of CRH by 58,695.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company's stock worth $249,043,000 after buying an additional 2,826,179 shares during the period. Finally, AGF Management Ltd. increased its stake in shares of CRH by 195.0% in the 1st quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company's stock valued at $268,485,000 after acquiring an additional 2,017,484 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CRH. DA Davidson reissued a "neutral" rating and set a $105.00 target price (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $112.00 target price (up from $108.00) on shares of CRH in a research report on Friday, August 8th. Vertical Research upgraded CRH to a "strong-buy" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on CRH in a report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, CRH presently has a consensus rating of "Buy" and a consensus target price of $114.64.

CRH Trading Up 0.4%

Shares of CRH stock opened at $111.14 on Thursday. The company has a market capitalization of $74.76 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.31. The stock has a fifty day simple moving average of $103.77 and a 200 day simple moving average of $96.50. Crh Plc has a 12-month low of $76.75 and a 12-month high of $114.40.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.CRH's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 earnings per share. On average, analysts predict that Crh Plc will post 5.47 EPS 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 paid a $0.37 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH's dividend payout ratio (DPR) is 23.22%.

CRH 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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