Baader Bank Aktiengesellschaft Makes New $1.21 Million Investment in Crh Plc $CRH

Key Points

• Baader Bank Aktiengesellschaft has acquired 13,182 shares of CRH Plc, valued at approximately $1.21 million, during the second quarter.
• CRH recently announced a quarterly dividend of $0.37, with a dividend yield of 1.3% and an annualized dividend of $1.48.
• CRH's earnings report indicated an EPS of $1.94, missing estimates, with revenues slightly down from analyst expectations at $10.21 billion.

Baader Bank Aktiengesellschaft acquired a new position in shares of Crh Plc (NYSE:CRH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,182 shares of the construction company's stock, valued at approximately $1,210,000.

Several other large investors have also recently bought and sold shares of CRH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CRH by 10.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,815 shares of the construction company's stock worth $445,000 after buying an additional 441 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in CRH by 14.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 130,743 shares of the construction company's stock worth $12,096,000 after buying an additional 16,106 shares in the last quarter. Orion Capital Management LLC acquired a new position in CRH during the 4th quarter worth $28,000. Vise Technologies Inc. lifted its holdings in CRH by 6.4% during the 4th quarter. Vise Technologies Inc. now owns 15,191 shares of the construction company's stock worth $1,405,000 after buying an additional 910 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new position in CRH during the 4th quarter worth $231,000. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Trading Up 0.5%

Shares of NYSE CRH traded up $0.59 during mid-day trading on Friday, hitting $113.05. The company had a trading volume of 5,842,217 shares, compared to its average volume of 3,349,817. The company has a market capitalization of $76.04 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The firm has a 50-day simple moving average of $106.24 and a two-hundred day simple moving average of $97.06. Crh Plc has a one year low of $76.75 and a one year high of $114.83.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). CRH had a return on equity of 15.68% and a net margin of 9.09%.The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter in the previous year, the business posted $1.88 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.37 per share. 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. DA Davidson reissued a "neutral" rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. JPMorgan Chase & Co. assumed coverage on CRH in a research note on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 price target on the stock. Sanford C. Bernstein increased their price target on CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Vertical Research raised CRH to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $112.00 price target (up previously from $108.00) on shares of CRH in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, CRH presently has an average rating of "Buy" and an average price target of $116.00.

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.