Credit Agricole S A Sells 23,171 Shares of Crh Plc $CRH

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Credit Agricole S A reduced its position in Crh Plc (NYSE:CRH - Free Report) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 478,073 shares of the construction company's stock after selling 23,171 shares during the period. Credit Agricole S A owned approximately 0.07% of CRH worth $42,056,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CRH. Orion Capital Management LLC acquired a new position in CRH during the fourth quarter worth $28,000. Park Square Financial Group LLC bought a new stake in shares of CRH during the fourth quarter worth about $32,000. Heck Capital Advisors LLC acquired a new stake in shares of CRH in the 4th quarter worth about $32,000. Colonial Trust Co SC bought a new position in CRH in the 4th quarter valued at about $37,000. Finally, GW&K Investment Management LLC lifted its position in CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after acquiring an additional 208 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Vertical Research raised CRH to a "strong-buy" rating in a report on Friday, August 1st. 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. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a report on Friday, August 8th. Royal Bank Of Canada restated an "outperform" rating and set a $112.00 price objective (up from $108.00) on shares of CRH in a research note on Friday, August 8th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $113.18.

CRH Price Performance

Shares of NYSE CRH traded down $0.1110 during midday trading on Thursday, reaching $110.6590. The company's stock had a trading volume of 1,901,016 shares, compared to its average volume of 4,877,155. The stock has a market capitalization of $74.44 billion, a P/E ratio of 23.15, a PEG ratio of 1.42 and a beta of 1.26. The firm has a 50 day moving average price of $97.64 and a 200-day moving average price of $95.72. Crh Plc has a 12-month low of $76.75 and a 12-month high of $113.95.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 earnings per share. On average, equities analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH's payout ratio is 23.22%.

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.