Crh Plc $CRH Shares Acquired by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC has increased its holdings in CRH Plc by 2.4%, now owning 191,973 shares valued at $16.89 million, as reported in their recent SEC filing.
• CRH Plc's quarterly earnings report showed an EPS of $1.94, falling short of the $2.06 consensus estimate, despite a revenue increase of 5.7% year-over-year.
• CRH has declared a quarterly dividend of $0.37, with the dividend yield set at 1.3%, reflecting a payout ratio of 23.22%.

Ancora Advisors LLC boosted its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,973 shares of the construction company's stock after purchasing an additional 4,551 shares during the quarter. Ancora Advisors LLC's holdings in CRH were worth $16,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP boosted its position in CRH by 89.2% during the first quarter. Dark Forest Capital Management LP now owns 271,110 shares of the construction company's stock valued at $23,850,000 after purchasing an additional 127,852 shares in the last quarter. Maverick Capital Ltd. boosted its position in CRH by 140.0% during the first quarter. Maverick Capital Ltd. now owns 5,729 shares of the construction company's stock valued at $504,000 after purchasing an additional 3,342 shares in the last quarter. L1 Capital Pty Ltd boosted its position in CRH by 31.6% during the first quarter. L1 Capital Pty Ltd now owns 1,142,437 shares of the construction company's stock valued at $100,500,000 after purchasing an additional 274,062 shares in the last quarter. Quarry LP boosted its position in CRH by 530.7% during the first quarter. Quarry LP now owns 6,950 shares of the construction company's stock valued at $611,000 after purchasing an additional 5,848 shares in the last quarter. Finally, Kingdon Capital Management L.L.C. increased its position in CRH by 18.9% during the 1st quarter. Kingdon Capital Management L.L.C. now owns 220,000 shares of the construction company's stock valued at $19,353,000 after buying an additional 35,000 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CRH shares. Sanford C. Bernstein started 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. Vertical Research raised CRH to a "strong-buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. assumed coverage on CRH in a report on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 price objective on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $112.00 price objective (up from $108.00) on shares of CRH in a report on Friday, August 8th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $105.00 price target (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $114.64.

CRH Price Performance

CRH stock traded up $0.63 during mid-day trading on Friday, reaching $112.24. 3,599,695 shares of the company's stock were exchanged, compared to its average volume of 4,118,219. The company has a market cap of $75.50 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. The stock's 50 day moving average is $102.68 and its 200 day moving average is $96.26. Crh Plc has a 12-month low of $76.75 and a 12-month high of $114.40.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). The business had revenue of $10.21 billion for the quarter, compared to analysts' expectations 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 company posted $1.88 EPS. On average, research analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

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 paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. CRH's dividend payout ratio (DPR) 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.