Crh Plc $CRH Shares Sold by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. reduced its holdings in CRH Plc by 20.3%, selling 3,670 shares during the second quarter, bringing their total to 14,447 shares valued at $1,326,000.
• CRH reported quarterly earnings of $1.94 EPS, missing analyst estimates of $2.06, with revenues of $10.21 billion, slightly below expectations of $10.27 billion.
• The company announced a quarterly dividend of $0.37 per share, resulting in an annualized payout of $1.48, which gives a yield of 1.3%.

Mirae Asset Global Investments Co. Ltd. lowered its holdings in Crh Plc (NYSE:CRH - Free Report) by 20.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,447 shares of the construction company's stock after selling 3,670 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in CRH were worth $1,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Park Place Capital Corp lifted its holdings in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after acquiring an additional 115 shares during the period. GW&K Investment Management LLC lifted its holdings in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after acquiring an additional 208 shares during the period. Ransom Advisory Ltd acquired a new stake in CRH in the first quarter valued at $47,000. Deseret Mutual Benefit Administrators lifted its holdings in CRH by 44.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock valued at $64,000 after acquiring an additional 225 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in CRH in the first quarter valued at $74,000. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Trading Down 0.3%

CRH stock opened at $117.54 on Friday. The stock has a market cap of $79.06 billion, a PE ratio of 24.59, a P/E/G ratio of 1.67 and a beta of 1.32. The stock has a 50-day moving average price of $112.05 and a 200 day moving average price of $98.98. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.88.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). The company 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 company'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 business posted $1.88 EPS. On average, equities analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America assumed coverage on CRH in a research report on Friday, September 26th. They issued a "buy" rating and a $128.00 price target for the company. Morgan Stanley set a $134.00 price target on CRH in a research report on Thursday. Jefferies Financial Group upgraded CRH to a "strong-buy" rating in a research report on Monday, September 22nd. Wells Fargo & Company assumed coverage on CRH in a research report on Tuesday. They issued an "overweight" rating and a $135.00 price target for the company. Finally, DA Davidson restated a "neutral" rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, CRH presently has an average rating of "Buy" and an average target price of $127.21.

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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