Cerity Partners LLC Buys 3,371 Shares of Crh Plc (NYSE:CRH)

Cerity Partners LLC lifted its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,619 shares of the construction company's stock after acquiring an additional 3,371 shares during the quarter. Cerity Partners LLC's holdings in CRH were worth $15,185,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CRH. Orion Capital Management LLC bought a new position in shares of CRH during the 4th quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new position in shares of CRH during the 4th quarter valued at approximately $32,000. Park Square Financial Group LLC purchased a new position in CRH in the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. lifted its holdings in CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after purchasing an additional 240 shares in the last quarter. Finally, Colonial Trust Co SC purchased a new position in CRH in the 4th quarter worth approximately $37,000. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CRH shares. Royal Bank Of Canada lowered their price target on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Sanford C. Bernstein started coverage on CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target on the stock. DA Davidson reissued a "neutral" rating and issued a $105.00 price target (down from $120.00) on shares of CRH in a report on Thursday. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, CRH currently has a consensus rating of "Moderate Buy" and an average price target of $112.82.

CRH Stock Performance

NYSE CRH opened at $95.19 on Monday. The company has a market cap of $64.31 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.48 and a beta of 1.26. The business's 50 day moving average price is $93.39 and its 200-day moving average price is $94.52. Crh Plc has a fifty-two week low of $74.03 and a fifty-two week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last released its earnings results 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). The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. CRH had a net margin of 9.17% and a return on equity of 15.88%. As a group, equities analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio is currently 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.

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.