Crh Plc $CRH Shares Bought by Kingdon Capital Management L.L.C.

Key Points

• Kingdon Capital Management L.L.C. increased its stake in CRH Plc by 18.9%, now holding 220,000 shares, worth approximately $19.35 million.
• CRH's recent quarterly earnings showed an EPS of $1.94, missing analyst estimates, with revenues reaching $10.21 billion.
• The company announced a quarterly dividend of $0.37 per share, reflecting a 1.3% yield and a payout ratio of 23.22%.

Kingdon Capital Management L.L.C. lifted its stake in Crh Plc (NYSE:CRH - Free Report) by 18.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 220,000 shares of the construction company's stock after buying an additional 35,000 shares during the quarter. CRH makes up 2.0% of Kingdon Capital Management L.L.C.'s holdings, making the stock its 3rd largest position. Kingdon Capital Management L.L.C.'s holdings in CRH were worth $19,353,000 as of its most recent filing with the Securities & Exchange Commission.

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

CRH Price Performance

Shares of NYSE:CRH traded up $0.50 during midday trading on Wednesday, hitting $111.78. The company had a trading volume of 2,369,148 shares, compared to its average volume of 5,499,639. Crh Plc has a twelve month low of $76.75 and a twelve month high of $114.40. The stock has a market cap of $75.19 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. The business's 50-day simple moving average is $101.36 and its 200-day simple moving average is $96.19.

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). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same period in the prior year, the business posted $1.88 EPS. CRH's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast 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 $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH's dividend payout ratio (DPR) is currently 23.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research report on Friday, August 8th. JPMorgan Chase & Co. assumed coverage on CRH in a research report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 target price on the stock. Sanford C. Bernstein initiated 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. DA Davidson restated a "neutral" rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $112.00 target price (up previously from $108.00) on shares of CRH in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $114.64.

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.