Crh Plc $CRH is Brasada Capital Management LP's 10th Largest Position

Key Points

• Bresada Capital Management LP has reduced its stake in CRH Plc by 3.1%, holding 152,040 shares valued at approximately $12.22 million, making it the firm's 10th largest holding.
• CRH recently declared a quarterly dividend of $0.37 per share, equating to an annualized dividend of $1.48 and a yield of 1.3%, with a dividend payout ratio of 23.22%.
• Wall Street analysts hold a generally positive outlook on CRH, with an average rating of "Buy" and a price target of approximately $114.64 for the company's shares.

Brasada Capital Management LP cut its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 152,040 shares of the construction company's stock after selling 4,899 shares during the period. CRH comprises approximately 2.3% of Brasada Capital Management LP's investment portfolio, making the stock its 10th biggest position. Brasada Capital Management LP's holdings in CRH were worth $12,216,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in CRH in the fourth quarter valued at $28,000. Heck Capital Advisors LLC acquired a new stake in CRH in the fourth quarter valued at $32,000. Park Square Financial Group LLC acquired a new stake in CRH in the fourth quarter valued at $32,000. Colonial Trust Co SC acquired a new stake in CRH in the fourth quarter valued at $37,000. Finally, GW&K Investment Management LLC increased its holdings in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after purchasing an additional 208 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.5%

Shares of CRH traded up $0.50 on Wednesday, reaching $111.78. The company's stock had a trading volume of 2,369,149 shares, compared to its average volume of 5,499,643. Crh Plc has a twelve month low of $76.75 and a twelve month high of $114.40. The stock has a market capitalization of $75.19 billion, a PE ratio of 23.39, a PEG ratio of 1.45 and a beta of 1.31. The firm has a fifty day moving average of $101.36 and a 200-day moving average of $96.19.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results 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 return on equity of 15.68% and a net margin of 9.09%.The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same quarter in the prior year, the company earned $1.88 EPS. The company's revenue was up 5.7% on a year-over-year basis. As a group, equities 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. Investors of record on Friday, August 22nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 22nd. CRH's dividend payout ratio is currently 23.22%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Sanford C. Bernstein assumed coverage on CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of CRH in a research report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $112.00 price target (up previously from $108.00) on shares of CRH in a research report on Friday, August 8th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $105.00 price target (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $114.64.

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.