Crh Plc $CRH Shares Sold by Mitchell Capital Management Co.

Key Points

• Mitchell Capital Management Co. reduced its stake in CRH Plc by 7.0% in the second quarter, owning 30,806 shares valued at approximately $2.9 million after selling 2,306 shares.
• CRH reported earnings per share (EPS) of $1.94 for the last quarter, missing the consensus estimate of $2.06, while revenue reached $10.21 billion, slightly below expectations.
• The company recently announced a quarterly dividend of $0.37 per share, representing an annualized yield of 1.3%, with a payout ratio of 23.22%.

Mitchell Capital Management Co. lowered its stake in Crh Plc (NYSE:CRH - Free Report) by 7.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,806 shares of the construction company's stock after selling 2,306 shares during the quarter. Mitchell Capital Management Co.'s holdings in CRH were worth $2,898,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CRH. Park Place Capital Corp boosted 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 purchasing an additional 115 shares during the last quarter. GW&K Investment Management LLC boosted 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 purchasing an additional 208 shares during the last quarter. Ransom Advisory Ltd purchased a new position in CRH in the first quarter valued at about $47,000. Richardson Financial Services Inc. boosted its holdings in CRH by 29.4% in the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company's stock valued at $63,000 after purchasing an additional 154 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted 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 purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Trading Down 1.2%

Shares of NYSE CRH opened at $116.21 on Monday. The company has a market cap of $78.17 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.64 and a beta of 1.32. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.88. The stock's 50 day simple moving average is $112.47 and its 200 day simple moving average is $99.18.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.12). The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $1.88 EPS. As a group, equities analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

Analyst Ratings Changes

CRH has been the subject of a number of analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of CRH in a report on Wednesday, October 8th. UBS Group set a $152.00 price target on CRH in a report on Wednesday, October 1st. Wells Fargo & Company raised CRH to a "strong-buy" rating in a report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on CRH from $112.00 to $152.00 and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Finally, Morgan Stanley set a $134.00 target price on CRH in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus 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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