Bingham Private Wealth LLC Purchases Shares of 10,016 Crh Plc $CRH

Key Points

• Bingham Private Wealth LLC purchased a new stake of 10,016 shares of CRH (≈$1.25M) in Q4, representing about 1.0% of its portfolio and its 26th largest holding.
• CRH holds a consensus rating of "Moderate Buy" with an average price target of $139.69, and recent analyst upgrades include UBS ($147), Longbow ($160) and BNP Paribas (strong-buy).
• The company missed Q4 estimates (EPS $1.52 vs. $2.20 expected; revenue $9.42B vs. $11.15B expected) although revenue rose 6.2% year-over-year, and CRH raised its quarterly dividend to $0.39 (annualized $1.56, ~1.3% yield).

Bingham Private Wealth LLC purchased a new stake in Crh Plc (NYSE:CRH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,016 shares of the construction company's stock, valued at approximately $1,250,000. CRH accounts for about 1.0% of Bingham Private Wealth LLC's investment portfolio, making the stock its 26th largest holding.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in CRH by 24.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company's stock valued at $272,086,000 after purchasing an additional 448,860 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of CRH during the 3rd quarter valued at $4,491,000. Exane Asset Management raised its position in shares of CRH by 21.2% during the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company's stock valued at $80,735,000 after buying an additional 116,178 shares in the last quarter. Cibc World Market Inc. raised its position in shares of CRH by 36.2% during the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company's stock valued at $6,761,000 after buying an additional 14,985 shares in the last quarter. Finally, Dynasty Wealth Management LLC raised its position in shares of CRH by 77.5% during the 3rd quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company's stock valued at $4,086,000 after buying an additional 14,877 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on CRH shares. UBS Group raised their price objective on shares of CRH from $138.00 to $147.00 and gave the company a "buy" rating in a research report on Thursday, January 8th. Longbow Research started coverage on shares of CRH in a research report on Tuesday, December 16th. They set a "buy" rating and a $160.00 price objective on the stock. BNP Paribas Exane upgraded shares of CRH to a "strong-buy" rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of CRH from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of CRH in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, CRH presently has an average rating of "Moderate Buy" and a consensus price target of $139.69.

CRH Stock Up 0.1%

Shares of NYSE:CRH opened at $117.41 on Wednesday. The stock has a market cap of $78.46 billion, a PE ratio of 21.27, a PEG ratio of 2.05 and a beta of 1.35. The company's fifty day moving average is $113.19 and its 200 day moving average is $118.00. Crh Plc has a 52 week low of $81.60 and a 52 week high of $131.55.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results on Thursday, February 19th. The construction company reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.68). The business had revenue of $9.42 billion during the quarter, compared to analysts' expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.CRH's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 EPS. Sell-side analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Friday, March 6th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, March 6th. This is a boost from CRH's previous quarterly dividend of $0.37. CRH's dividend payout ratio is 28.26%.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH's core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.

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