Banque Cantonale Vaudoise Invests $2.20 Million in Crh Plc (NYSE:CRH)

Banque Cantonale Vaudoise bought a new stake in Crh Plc (NYSE:CRH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,012 shares of the construction company's stock, valued at approximately $2,196,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC raised its holdings in CRH by 142,350.0% during the 4th quarter. Headlands Technologies LLC now owns 17,094 shares of the construction company's stock worth $1,582,000 after buying an additional 17,082 shares during the period. Bornite Capital Management LP bought a new position in CRH during the fourth quarter worth $13,878,000. FMR LLC boosted its position in shares of CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after acquiring an additional 4,687,345 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of 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 acquiring an additional 3,108,416 shares during the period. Finally, GAMMA Investing LLC raised its stake in CRH by 27.4% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock valued at $169,000 after purchasing an additional 413 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

NYSE:CRH traded down $0.14 during mid-day trading on Friday, reaching $95.31. The stock had a trading volume of 2,876,251 shares, compared to its average volume of 5,639,638. The firm has a 50 day moving average price of $93.21 and a two-hundred day moving average price of $94.80. The stock has a market capitalization of $64.40 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.53 and a beta of 1.26. Crh Plc has a one year low of $74.03 and a one year high of $110.97.

CRH (NYSE:CRH - Get Free Report) last announced its earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. CRH had a net margin of 9.17% and a return on equity of 15.88%. Research analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.6%. CRH's dividend payout ratio (DPR) is 23.52%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRH. Loop Capital assumed coverage on CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price for the company. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Sanford C. Bernstein began coverage on shares of CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target on the stock. DA Davidson reiterated 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. Finally, Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $112.82.

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.