Callan Family Office LLC Buys 4,720 Shares of Crh Plc $CRH

Key Points

• Callan Family Office LLC increased its stake in Crh Plc by 153.5%, acquiring an additional 4,720 shares and bringing its total holdings to 7,794 shares valued at approximately $715,000.
• CRH's shares have recently received analyst upgrades, with targets set at $134.00 by Morgan Stanley and $130.00 by JPMorgan Chase, indicating positive sentiment in the market.
• The company announced a quarterly dividend of $0.37, with a yield of 1.3%, reflecting a healthy dividend payout ratio of 23.22%.

Callan Family Office LLC raised its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 153.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,794 shares of the construction company's stock after acquiring an additional 4,720 shares during the period. Callan Family Office LLC's holdings in CRH were worth $715,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Park Place Capital Corp increased its position in shares of CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares during the last quarter. GW&K Investment Management LLC increased 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 valued at $39,000 after purchasing an additional 208 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of CRH during the 1st quarter valued at $47,000. Deseret Mutual Benefit Administrators increased 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 valued at $64,000 after purchasing an additional 225 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of CRH during the 1st quarter valued at $74,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Morgan Stanley set a $134.00 target price on CRH in a research report on Thursday. DA Davidson reaffirmed a "neutral" rating and set a $105.00 target price (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Vertical Research raised CRH to a "strong-buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. initiated coverage on CRH in a research note on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target for the company. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of CRH in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $127.21.

CRH Stock Up 1.4%

Shares of NYSE CRH opened at $117.71 on Tuesday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.88. The business has a 50-day simple moving average of $112.86 and a two-hundred day simple moving average of $99.39. The company has a market cap of $79.18 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.64 and a beta of 1.32.

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

CRH Announces Dividend

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