Boston Common Asset Management LLC Reduces Holdings in Crh Plc $CRH

Key Points

• Boston Common Asset Management LLC has decreased its holdings in Crh Plc by 9.4% in the second quarter, now owning 257,803 shares valued at approximately $23.67 million.
• Several hedge funds have adjusted their positions in CRH, with Park Place Capital Corp significantly increasing its stake by 59.9% during the same period.
• Equities analysts' ratings for CRH are generally positive, with a current consensus rating of "Buy" and an average price target of $124.31, reflecting optimism in its market performance.

Boston Common Asset Management LLC decreased its position in Crh Plc (NYSE:CRH - Free Report) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,803 shares of the construction company's stock after selling 26,899 shares during the period. Boston Common Asset Management LLC's holdings in CRH were worth $23,666,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CRH. Park Place Capital Corp grew its stake in shares of CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after buying an additional 115 shares during the period. GW&K Investment Management LLC boosted its position in shares of CRH by 86.7% during the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock worth $39,000 after purchasing an additional 208 shares during the period. Ransom Advisory Ltd purchased a new position in shares of CRH during the 1st quarter worth approximately $47,000. Deseret Mutual Benefit Administrators boosted its position in shares of CRH by 44.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock worth $64,000 after purchasing an additional 225 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its position in shares of CRH by 68.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 774 shares of the construction company's stock worth $68,000 after purchasing an additional 315 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Bank of America assumed coverage on shares of CRH in a research report on Friday, September 26th. They set a "buy" rating and a $128.00 price objective for the company. Sanford C. Bernstein increased their price objective on shares of CRH from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. UBS Group set a $152.00 price objective on shares of CRH in a research report on Wednesday. Royal Bank Of Canada increased their target price on shares of CRH from $112.00 to $152.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, DA Davidson reiterated a "neutral" rating and set a $105.00 target price (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $124.31.

CRH Stock Down 0.9%

CRH stock opened at $120.01 on Friday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.88. The company's 50 day moving average is $110.42 and its two-hundred day moving average is $98.42. The firm has a market cap of $80.72 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.74 and a beta of 1.32.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $10.27 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. CRH's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 22nd. CRH's dividend payout ratio (DPR) is presently 23.22%.

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.

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