Bfsg LLC Makes New $3.06 Million Investment in Crh Plc $CRH

Key Points

• Bfsg LLC has made a new investment of approximately $3.06 million in Crh Plc, acquiring 33,374 shares of the construction company's stock during the 2nd quarter.
• CRH reported a lower than expected EPS of $1.94 for the last quarter, missing the consensus estimate of $2.06, although revenue increased by 5.7% year-over-year.
• The company announced a quarterly dividend of $0.37 per share, yielding 1.3%, with the dividend set to be paid on September 24th.

Bfsg LLC bought a new position in Crh Plc (NYSE:CRH - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,374 shares of the construction company's stock, valued at approximately $3,064,000.

Other hedge funds also recently bought and sold shares of the company. Diversify Advisory Services LLC raised its stake in shares of CRH by 5.0% in the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock valued at $240,000 after acquiring an additional 123 shares in the last quarter. Callan Family Office LLC raised its stake in shares of CRH by 4.4% in the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock valued at $270,000 after acquiring an additional 129 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of CRH by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after acquiring an additional 139 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of CRH by 0.9% in the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after acquiring an additional 140 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of CRH by 1.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 10,387 shares of the construction company's stock valued at $914,000 after acquiring an additional 141 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

CRH stock opened at $114.63 on Tuesday. The company has a market capitalization of $77.11 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. Crh Plc has a one year low of $76.75 and a one year high of $115.09. The business has a 50 day simple moving average of $106.63 and a 200 day simple moving average of $97.17.

CRH (NYSE:CRH - Get Free Report) last posted 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). The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.CRH's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 EPS. Equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 22nd. CRH's dividend payout ratio (DPR) is 23.22%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CRH shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $112.00 price objective (up from $108.00) on shares of CRH in a research note on Friday, August 8th. Vertical Research raised CRH to a "strong-buy" rating in a research note on Friday, August 1st. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research note on Tuesday, September 2nd. DA Davidson reissued a "neutral" rating and issued a $105.00 price objective (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Finally, Sanford C. Bernstein raised their target price on CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, CRH presently has a consensus rating of "Buy" and a consensus target price of $116.00.

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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