Crh Plc $CRH Shares Purchased by Maven Securities LTD

Key Points

• Maven Securities LTD significantly increased its stake in CRH Plc by 240.0% in the first quarter, acquiring an additional 12,000 shares for a total holding worth approximately $1.49 million.
• CRH shares had a recent earnings report indicating $1.94 EPS, falling short of the expected $2.06, with revenues also slightly below estimates.
• The company declared a quarterly dividend of $0.37 per share, set to be paid on September 24th, representing an annualized yield of 1.3%.

Maven Securities LTD lifted its position in shares of Crh Plc (NYSE:CRH - Free Report) by 240.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,000 shares of the construction company's stock after purchasing an additional 12,000 shares during the period. Maven Securities LTD's holdings in CRH were worth $1,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRH. Orion Capital Management LLC acquired a new stake in CRH in the fourth quarter valued at $28,000. Heck Capital Advisors LLC acquired a new stake in shares of CRH during the 4th quarter worth about $32,000. Park Square Financial Group LLC purchased a new stake in CRH during the fourth quarter worth approximately $32,000. Colonial Trust Co SC acquired a new position in CRH in the fourth quarter valued at approximately $37,000. Finally, GW&K Investment Management LLC increased its stake in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent analyst reports. Vertical Research upgraded shares of CRH to a "strong-buy" rating in a research report on Friday, August 1st. DA Davidson reissued a "neutral" rating and issued a $105.00 price target (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective for the company. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research report on Friday, August 8th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $112.00 price target (up previously from $108.00) on shares of CRH in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $113.18.

CRH Trading Up 2.3%

Shares of CRH stock traded up $2.5360 during trading hours on Friday, hitting $113.2560. 2,965,952 shares of the company were exchanged, compared to its average volume of 5,564,108. The business has a 50-day moving average of $97.64 and a 200-day moving average of $95.72. Crh Plc has a 1 year low of $76.75 and a 1 year high of $113.95. The stock has a market capitalization of $76.18 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 1.42 and a beta of 1.26.

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

CRH Announces Dividend

The company 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 yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH's dividend payout ratio is currently 23.22%.

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.