Capital A Wealth Management LLC Purchases New Stake in CRH plc (NYSE:CRH)

Capital A Wealth Management LLC bought a new position in shares of CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 3,726 shares of the construction company's stock, valued at approximately $345,000.

Other large investors have also modified their holdings of the company. Covestor Ltd grew its holdings in CRH by 20.4% during the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock worth $70,000 after acquiring an additional 128 shares during the period. Parallel Advisors LLC boosted its position in shares of CRH by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock worth $630,000 after purchasing an additional 129 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of CRH by 3.2% during the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock worth $405,000 after purchasing an additional 136 shares during the period. Shelton Capital Management grew its position in CRH by 1.1% during the fourth quarter. Shelton Capital Management now owns 14,475 shares of the construction company's stock worth $1,339,000 after buying an additional 151 shares during the period. Finally, GeoWealth Management LLC increased its stake in CRH by 46.3% in the 4th quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock valued at $52,000 after purchasing an additional 177 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CRH. Sanford C. Bernstein started coverage on CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price on the stock. Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Loop Capital assumed coverage on shares of CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH presently has a consensus rating of "Buy" and a consensus price target of $112.58.

CRH Stock Performance

NYSE CRH traded down $3.31 during mid-day trading on Wednesday, reaching $91.90. 3,420,247 shares of the stock were exchanged, compared to its average volume of 5,802,276. The stock has a market capitalization of $62.09 billion, a PE ratio of 18.38, a PEG ratio of 1.15 and a beta of 1.33. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The business's fifty day simple moving average is $91.23 and its 200 day simple moving average is $96.19.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The company had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.77 billion. On average, analysts anticipate that CRH plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, May 23rd. CRH's payout ratio is currently 23.52%.

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.