Banco BTG Pactual S.A. Sells 3,835 Shares of Crh Plc $CRH

Key Points

• Banco BTG Pactual S.A. reduced its stake in CRH Plc by 50.3%, selling 3,835 shares and leaving it with 3,792 shares valued at $334,000 at the end of the last quarter.
• CRH reported $1.94 EPS for the most recent quarter, missing analysts' expectations of $2.06, with revenues of $10.21 billion showing a 5.7% increase year-over-year.
• CRH announced a quarterly dividend of $0.37 per share to be paid on September 24th, representing an annualized yield of 1.3% based on its current price.

Banco BTG Pactual S.A. reduced its stake in Crh Plc (NYSE:CRH - Free Report) by 50.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,792 shares of the construction company's stock after selling 3,835 shares during the period. Banco BTG Pactual S.A.'s holdings in CRH were worth $334,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in CRH by 349.0% in the 4th quarter. NewEdge Advisors LLC now owns 3,354 shares of the construction company's stock valued at $310,000 after acquiring an additional 2,607 shares during the period. GeoWealth Management LLC boosted its holdings in shares of CRH by 46.3% during the fourth quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock worth $52,000 after acquiring an additional 177 shares during the period. Dimensional Fund Advisors LP grew its position in shares of CRH by 92.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,830,255 shares of the construction company's stock valued at $169,334,000 after purchasing an additional 877,386 shares during the last quarter. MML Investors Services LLC increased its stake in shares of CRH by 14.9% during the fourth quarter. MML Investors Services LLC now owns 40,635 shares of the construction company's stock worth $3,760,000 after purchasing an additional 5,277 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in CRH by 2,029.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,077 shares of the construction company's stock worth $1,672,000 after purchasing an additional 17,228 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Down 1.7%

CRH opened at $110.5770 on Thursday. The stock has a market capitalization of $74.38 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 1.44 and a beta of 1.26. Crh Plc has a twelve month low of $76.75 and a twelve month high of $113.95. The company has a 50-day simple moving average of $97.28 and a 200 day simple moving average of $95.63.

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

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be paid 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 is presently 23.22%.

Analysts Set New Price Targets

A number of research analysts have commented on CRH shares. Vertical Research raised CRH to a "strong-buy" rating in a report on Friday, August 1st. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Friday, August 8th. DA Davidson reissued a "neutral" rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Finally, Sanford C. Bernstein initiated coverage on shares of CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $113.18.

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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