Concurrent Investment Advisors LLC Takes $305,000 Position in Crh Plc (NYSE:CRH)

Concurrent Investment Advisors LLC purchased a new stake in Crh Plc (NYSE:CRH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,465 shares of the construction company's stock, valued at approximately $305,000.

Other large investors have also modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of CRH in the 4th quarter valued at about $28,000. Heck Capital Advisors LLC bought a new position in shares of CRH during the 4th quarter worth approximately $32,000. Park Square Financial Group LLC bought a new position in shares of CRH during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. raised its stake in shares of CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after acquiring an additional 240 shares in the last quarter. Finally, Colonial Trust Co SC bought a new position in shares of CRH during the 4th quarter worth approximately $37,000. Institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

CRH has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Loop Capital initiated coverage on shares of CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price objective for the company. DA Davidson reiterated a "neutral" rating and set a $105.00 price objective (down previously from $120.00) on shares of CRH in a research note on Thursday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $112.82.

CRH Price Performance

CRH stock traded down $0.70 during mid-day trading on Friday, reaching $95.19. 2,318,304 shares of the company traded hands, compared to its average volume of 4,880,017. Crh Plc has a fifty-two week low of $74.03 and a fifty-two week high of $110.97. The company has a market capitalization of $64.32 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The firm's fifty day moving average is $93.39 and its two-hundred day moving average is $94.52.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.77 billion. CRH had a net margin of 9.17% and a return on equity of 15.88%. As a group, equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were issued a $0.37 dividend. 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 (DPR) is currently 23.52%.

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.