Crh Plc $CRH Stake Raised by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its CRH stake by 781% in the third quarter, purchasing 108,993 additional shares to hold 122,948 shares valued at approximately $10.18 million. Institutional investors collectively own 62.5% of CRH.
• CRH reported quarterly EPS of $2.21, exceeding the $2.02 consensus estimate, while revenue rose 5.6% year over year to $10.78 billion. The company also pays a $0.39 quarterly dividend, yielding approximately 1.8% annually.
• Analysts maintain a broadly positive view, with the stock receiving an average “Buy” rating and a $126.50 price target, despite several brokerages recently lowering their targets. CRH shares opened at $86.45, well below their 12-month high of $131.55.

Crossmark Global Holdings Inc. increased its holdings in Crh Plc (NYSE:CRH - Free Report) by 781.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,948 shares of the construction company's stock after purchasing an additional 108,993 shares during the period. Crossmark Global Holdings Inc.'s holdings in CRH were worth $10,180,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CRH. Physician Wealth Advisors Inc. lifted its position in CRH by 42.3% during the third quarter. Physician Wealth Advisors Inc. now owns 582 shares of the construction company's stock valued at $48,000 after purchasing an additional 173 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of CRH by 28.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 22,957 shares of the construction company's stock worth $1,901,000 after buying an additional 5,059 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of CRH by 164.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,016 shares of the construction company's stock worth $4,307,000 after buying an additional 32,319 shares during the last quarter. Net Worth Advisory Group increased its holdings in shares of CRH by 24.2% in the 3rd quarter. Net Worth Advisory Group now owns 3,273 shares of the construction company's stock worth $267,000 after buying an additional 638 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of CRH by 1.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 96,458 shares of the construction company's stock worth $7,987,000 after buying an additional 995 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Trading Up 0.5%

Shares of NYSE:CRH opened at $86.45 on Friday. Crh Plc has a 12 month low of $78.62 and a 12 month high of $131.55. The company has a market capitalization of $57.51 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.56 and a beta of 1.31. The firm's 50-day moving average is $88.09 and its 200 day moving average is $100.40.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.19. CRH had a net margin of 9.93% and a return on equity of 15.76%. The business had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts forecast that Crh Plc will post 5.83 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 14th. CRH's dividend payout ratio is presently 27.51%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRH. Royal Bank Of Canada lowered their price target on shares of CRH from $165.00 to $135.00 and set an "outperform" rating for the company in a report on Friday, October 9th. Rothschild & Co Redburn dropped their price target on CRH from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, October 1st. Citigroup reduced their price objective on CRH from $122.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, October 2nd. Truist Financial decreased their price objective on CRH from $130.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. Finally, Morgan Stanley initiated coverage on CRH in a research report on Friday, September 11th. They set an "overweight" rating and a $139.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $126.50.

CRH Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.

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