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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRH. Janney Montgomery Scott LLC raised its stake in shares of CRH by 2.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 53,356 shares of the construction company's stock worth $4,937,000 after purchasing an additional 1,199 shares in the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of CRH by 4.3% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 30,744 shares of the construction company's stock valued at $2,844,000 after acquiring an additional 1,261 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of CRH by 50.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 16,690 shares of the construction company's stock valued at $1,544,000 after acquiring an additional 5,615 shares in the last quarter. Blue Trust Inc. raised its stake in shares of CRH by 47.8% in the 4th quarter. Blue Trust Inc. now owns 4,206 shares of the construction company's stock valued at $390,000 after acquiring an additional 1,360 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of CRH by 7.4% in the 4th quarter. KBC Group NV now owns 1,310,177 shares of the construction company's stock valued at $121,218,000 after acquiring an additional 89,955 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRH. JPMorgan Chase & Co. cut their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Berenberg Bank set a $120.00 price objective on CRH in a research note on Friday, February 28th. Sanford C. Bernstein began coverage on CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective on the stock. Loop Capital started coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. Finally, Royal Bank of Canada lowered their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH has a consensus rating of "Buy" and a consensus price target of $112.58.

CRH Stock Performance

Shares of NYSE:CRH traded down $0.97 during trading on Friday, hitting $90.99. 8,756,692 shares of the stock were exchanged, compared to its average volume of 5,826,161. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The company has a market capitalization of $61.48 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. The company's fifty day simple moving average is $90.96 and its 200-day simple moving average is $96.05.

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 firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. On average, research analysts forecast that CRH plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, May 23rd. CRH's payout ratio is presently 23.52%.

About CRH

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.