Altrinsic Global Advisors LLC Sells 56,280 Shares of Crh Plc $CRH

Key Points

• Altrinsic Global Advisors LLC reduced its stake in CRH Plc by 8.1%, owning now 637,272 shares after selling 56,280 shares during the first quarter.
• CRH reported earnings of $1.94 per share for the last quarter, falling short of analyst estimates of $2.06, with revenue of $10.21 billion.
• The company declared a quarterly dividend of $0.37 per share, which represents a yield of 1.3% based on an annualized basis.

Altrinsic Global Advisors LLC lessened its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 8.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 637,272 shares of the construction company's stock after selling 56,280 shares during the period. CRH accounts for approximately 2.8% of Altrinsic Global Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Altrinsic Global Advisors LLC owned approximately 0.09% of CRH worth $56,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversify Advisory Services LLC increased its position in CRH by 5.0% during the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock worth $240,000 after buying an additional 123 shares during the period. Callan Family Office LLC increased its holdings in shares of CRH by 4.4% in the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock valued at $270,000 after purchasing an additional 129 shares during the period. Yousif Capital Management LLC increased its holdings in shares of CRH by 1.7% in the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after purchasing an additional 139 shares during the period. Fifth Third Bancorp increased its holdings in shares of CRH by 0.9% in the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after purchasing an additional 140 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of CRH by 1.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 10,387 shares of the construction company's stock valued at $914,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Performance

NYSE CRH traded down $0.30 during trading on Friday, reaching $112.89. 3,532,118 shares of the company traded hands, compared to its average volume of 4,680,089. The stock's 50 day moving average price is $100.51 and its two-hundred day moving average price is $96.12. The company has a market cap of $75.94 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.45 and a beta of 1.26. Crh Plc has a 1-year low of $76.75 and a 1-year high of $114.40.

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

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 22nd. CRH's payout ratio is 23.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CRH shares. DA Davidson restated a "neutral" rating and issued a $105.00 price target (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. JPMorgan Chase & Co. began coverage on CRH in a research report on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 target price for the company. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Friday, August 8th. Sanford C. Bernstein started coverage on CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price on the stock. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $114.64.

About CRH

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.