Crh Plc $CRH Shares Sold by Moody Lynn & Lieberson LLC

Key Points

• Moody Lynn & Lieberson LLC reduced its stake in CRH Plc by 61.1% in Q2, leaving them with 12,226 shares valued at approximately $1.12 million.
• The construction company reported an EPS of $1.94 for its latest quarter, falling short of expectations, while quarterly revenue increased by 5.7% year-over-year.
• CRH announced a quarterly dividend of $0.37 per share, reflecting an annualized yield of 1.3% and a payout ratio of 23.22%.

Moody Lynn & Lieberson LLC trimmed its holdings in Crh Plc (NYSE:CRH - Free Report) by 61.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,226 shares of the construction company's stock after selling 19,183 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in CRH were worth $1,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRH. Stockman Wealth Management Inc. grew its position in shares of CRH by 2.5% in the 2nd quarter. Stockman Wealth Management Inc. now owns 126,703 shares of the construction company's stock valued at $11,631,000 after buying an additional 3,058 shares during the last quarter. Mariner Investment Group LLC acquired a new position in CRH in the second quarter valued at $275,000. Signaturefd LLC boosted its stake in CRH by 3.2% in the second quarter. Signaturefd LLC now owns 18,076 shares of the construction company's stock valued at $1,659,000 after acquiring an additional 560 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of CRH during the second quarter worth about $421,000. Finally, Eagle Global Advisors LLC increased its position in shares of CRH by 0.4% during the second quarter. Eagle Global Advisors LLC now owns 100,165 shares of the construction company's stock worth $9,195,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Price Performance

NYSE:CRH opened at $113.64 on Monday. The firm's fifty day moving average price is $108.19 and its 200 day moving average price is $97.66. Crh Plc has a 1-year low of $76.75 and a 1-year high of $116.36. The firm has a market cap of $76.44 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last announced 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 firm 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 firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS. As a group, analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd were issued 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 payout ratio is currently 23.22%.

Analysts Set New Price Targets

CRH has been the subject of a number of research analyst reports. Sanford C. Bernstein upped their target price on CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Bank of America assumed coverage on CRH in a report on Friday. They issued a "buy" rating and a $128.00 price objective for the company. Jefferies Financial Group raised shares of CRH to a "strong-buy" rating in a report on Monday, September 22nd. JPMorgan Chase & Co. began coverage on shares of CRH in a research report on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 price target for the company. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $112.00 price objective (up from $108.00) on shares of CRH in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $117.00.

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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