Crh Plc $CRH is Voss Capital LP's 7th Largest Position

Key Points

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Voss Capital LP lessened its position in Crh Plc (NYSE:CRH - Free Report) by 8.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 929,015 shares of the construction company's stock after selling 90,985 shares during the quarter. CRH makes up about 6.3% of Voss Capital LP's investment portfolio, making the stock its 7th largest holding. Voss Capital LP owned about 0.14% of CRH worth $81,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRH. Orion Capital Management LLC purchased a new position in CRH during the fourth quarter valued at $28,000. Park Square Financial Group LLC bought a new position in shares of CRH in the 4th quarter worth about $32,000. Heck Capital Advisors LLC bought a new position in shares of CRH in the 4th quarter worth about $32,000. Colonial Trust Co SC bought a new position in shares of CRH in the 4th quarter worth about $37,000. Finally, GW&K Investment Management LLC boosted its stake in CRH by 86.7% during the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock worth $39,000 after acquiring an additional 208 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of NYSE:CRH traded down $0.1110 during midday trading on Thursday, reaching $110.6590. 1,901,016 shares of the company's stock traded hands, compared to its average volume of 4,877,155. Crh Plc has a one year low of $76.75 and a one year high of $113.95. The company has a market cap of $74.44 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 1.42 and a beta of 1.26. The stock has a 50 day moving average of $97.64 and a 200 day moving average of $95.72.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). The business had revenue of $10.21 billion during 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%.CRH's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $1.88 EPS. Sell-side analysts predict 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 dividend of $0.37 per share. The ex-dividend date 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 is 23.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRH. Royal Bank Of Canada restated an "outperform" rating and issued a $112.00 price objective (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Friday, August 8th. Sanford C. Bernstein initiated coverage on CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target on the stock. Vertical Research upgraded CRH to a "strong-buy" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $113.18.

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.