Crh Plc $CRH Shares Acquired by Little House Capital LLC

Key Points

• Little House Capital LLC increased its stake in CRH Plc by 51.3% during the second quarter, acquiring a total of 13,461 shares worth approximately $1.24 million.
• CRH recently missed earnings estimates for the quarter, reporting $1.94 EPS against a forecast of $2.06, with a revenue of $10.21 billion.
• A quarterly dividend of $0.37 per share has been declared, representing an annualized dividend yield of 1.3%, which will be paid on September 24th.

Little House Capital LLC increased its position in Crh Plc (NYSE:CRH - Free Report) by 51.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,461 shares of the construction company's stock after acquiring an additional 4,564 shares during the period. Little House Capital LLC's holdings in CRH were worth $1,236,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of CRH in the 1st quarter worth about $744,000. Massachusetts Financial Services Co. MA increased its holdings in shares of CRH by 43.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock worth $906,424,000 after acquiring an additional 3,108,416 shares during the period. Hsbc Holdings PLC increased its holdings in shares of CRH by 100.2% in the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company's stock worth $39,318,000 after acquiring an additional 226,602 shares during the period. GAMMA Investing LLC increased its stake in CRH by 27.4% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock valued at $169,000 after buying an additional 413 shares during the period. Finally, National Pension Service increased its stake in CRH by 8.6% during the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company's stock valued at $189,492,000 after buying an additional 170,702 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Performance

CRH stock opened at $113.23 on Tuesday. The stock has a market cap of $76.17 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.47 and a beta of 1.31. The firm has a 50 day simple moving average of $104.90 and a 200 day simple moving average of $96.69. Crh Plc has a 52 week low of $76.75 and a 52 week high of $114.83.

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

CRH Dividend Announcement

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 dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 22nd. CRH's dividend payout ratio (DPR) is currently 23.22%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of CRH in a research note on Tuesday, August 26th. They set an "overweight" rating and a $130.00 target price on the stock. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research note on Tuesday, September 2nd. Vertical Research raised shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. Sanford C. Bernstein raised their target price on shares of CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Finally, DA Davidson reissued a "neutral" rating and set a $105.00 target price (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, CRH presently has a consensus rating of "Buy" and an average target price of $116.00.

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.

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