Crh Plc $CRH Shares Bought by Generate Investment Management Ltd

Key Points

• Generate Investment Management Ltd increased its holdings in CRH Plc by 232.7% during the second quarter, now owning 488,016 shares valued at approximately $44.8 million.
• CRH has received several analyst ratings, with an average target price of $117 and a consensus rating of "Buy," supported by three "Strong Buy" ratings and ten "Buy" ratings.
• The company recently declared a quarterly dividend of $0.37, representing a 1.3% yield and an annualized dividend of $1.48, reflecting a payout ratio of 23.22%.

Generate Investment Management Ltd increased its position in shares of Crh Plc (NYSE:CRH - Free Report) by 232.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 488,016 shares of the construction company's stock after acquiring an additional 341,354 shares during the period. CRH comprises 2.5% of Generate Investment Management Ltd's holdings, making the stock its 8th largest holding. Generate Investment Management Ltd owned approximately 0.07% of CRH worth $44,800,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CRH. Exane Asset Management boosted its holdings in shares of CRH by 142.2% in the 2nd quarter. Exane Asset Management now owns 547,596 shares of the construction company's stock valued at $50,249,000 after purchasing an additional 321,509 shares in the last quarter. Stockman Wealth Management Inc. raised its holdings in shares of CRH by 2.5% during the 2nd quarter. Stockman Wealth Management Inc. now owns 126,703 shares of the construction company's stock worth $11,631,000 after buying an additional 3,058 shares in the last quarter. Mariner Investment Group LLC bought a new stake in shares of CRH during the 2nd quarter worth $275,000. Signaturefd LLC boosted its stake in CRH by 3.2% in the second quarter. Signaturefd LLC now owns 18,076 shares of the construction company's stock valued at $1,659,000 after buying an additional 560 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in CRH in the second quarter valued at about $421,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRH has been the subject of several research analyst reports. JPMorgan Chase & Co. began coverage on CRH in a research note on Tuesday, August 26th. They set an "overweight" rating and a $130.00 target price for the company. Bank of America initiated coverage on shares of CRH in a research report on Friday. They set a "buy" rating and a $128.00 price objective for the company. Vertical Research upgraded shares of CRH to a "strong-buy" rating in a research report on Friday, August 1st. Jefferies Financial Group raised shares of CRH to a "strong-buy" rating in a research note on Monday, September 22nd. Finally, Sanford C. Bernstein increased their price target on CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, CRH presently has a consensus rating of "Buy" and an average target price of $117.00.

CRH Stock Up 1.7%

Shares of NYSE:CRH opened at $113.64 on Monday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $116.36. The stock's 50 day moving average is $108.19 and its 200-day moving average is $97.66. The firm has a market capitalization of $76.44 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.47 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last announced 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). CRH had a net margin of 9.09% and a return on equity of 15.68%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the firm posted $1.88 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH's dividend payout ratio (DPR) is presently 23.22%.

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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