Crh Plc $CRH Shares Bought by Mather Group LLC.

Key Points

• Mather Group LLC increased its CRH stake by 142.2% in the third quarter, bringing its holdings to 125,057 shares valued at approximately $10.4 million. Institutional investors collectively own 62.5% of the company.
• Analysts remain broadly positive, with CRH holding a consensus “Buy” rating and an average price target of $127.61, although several firms recently lowered their targets.
• CRH shares opened at $79.29, near their 52-week low of $78.62. The company recently beat quarterly earnings and revenue estimates and pays an annualized dividend of $1.56, yielding about 2.0%.

Mather Group LLC. raised its stake in Crh Plc (NYSE:CRH - Free Report) by 142.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 125,057 shares of the construction company's stock after purchasing an additional 73,419 shares during the period. Mather Group LLC.'s holdings in CRH were worth $10,355,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CRH. Continuum Advisory LLC bought a new position in shares of CRH during the second quarter worth about $29,000. Bell Investment Advisors Inc increased its holdings in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company's stock valued at $32,000 after buying an additional 103 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in CRH in the first quarter valued at about $38,000. Anchor Investment Management LLC acquired a new stake in CRH during the second quarter valued at approximately $40,000. Finally, Eastern Bank raised its stake in CRH by 36.5% during the second quarter. Eastern Bank now owns 550 shares of the construction company's stock valued at $59,000 after buying an additional 147 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $115.00 target price (down from $140.00) on shares of CRH in a report on Tuesday. Rothschild & Co Redburn lowered their price target on CRH from $135.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, October 1st. Citigroup dropped their price target on CRH from $122.00 to $106.00 and set a "buy" rating on the stock in a research report on Friday, October 2nd. Weiss Ratings lowered CRH from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 16th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of CRH in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, CRH currently has a consensus rating of "Buy" and a consensus price target of $127.61.

CRH Stock Down 1.1%

Shares of NYSE:CRH opened at $79.29 on Thursday. Crh Plc has a fifty-two week low of $78.62 and a fifty-two week high of $131.55. The firm has a 50-day simple moving average of $89.87 and a 200 day simple moving average of $101.22. The company has a market cap of $52.75 billion, a PE ratio of 13.98, a P/E/G ratio of 1.45 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.19. The business had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%. The business's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. As a group, research analysts forecast that Crh Plc will post 5.83 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, August 14th. CRH's dividend payout ratio is 27.51%.

CRH Company Profile

CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.

Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.

CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.