Crh Plc $CRH Stock Holdings Lessened by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. has reduced its stake in CRH Plc by 44.0%, selling 38,990 shares and now owning a total of 49,655 shares valued at approximately $4.37 million.
• CRH's stock recently saw a 2.9% increase and has a market capitalization of $77.03 billion, with a 12-month high of $114.55.
• The company announced a quarterly dividend of $0.37 per share, with a payout ratio of 23.22% and an annualized yield of 1.3%.

Hodges Capital Management Inc. lowered its stake in Crh Plc (NYSE:CRH - Free Report) by 44.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,655 shares of the construction company's stock after selling 38,990 shares during the period. Hodges Capital Management Inc.'s holdings in CRH were worth $4,368,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CRH. Modern Wealth Management LLC raised its position in shares of CRH by 27.7% during the first quarter. Modern Wealth Management LLC now owns 5,223 shares of the construction company's stock worth $459,000 after purchasing an additional 1,134 shares during the period. Strs Ohio acquired a new stake in shares of CRH during the first quarter worth $19,392,000. Geneos Wealth Management Inc. raised its position in shares of CRH by 111.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,125 shares of the construction company's stock worth $99,000 after purchasing an additional 592 shares during the period. Focus Partners Wealth raised its position in shares of CRH by 5.4% during the first quarter. Focus Partners Wealth now owns 300,552 shares of the construction company's stock worth $26,440,000 after purchasing an additional 15,337 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of CRH during the first quarter worth $47,000. Institutional investors own 62.50% of the company's stock.

CRH Stock Up 2.9%

CRH stock opened at $114.52 on Friday. The company's fifty day simple moving average is $104.15 and its 200-day simple moving average is $96.60. Crh Plc has a 12 month low of $76.75 and a 12 month high of $114.55. The stock has a market cap of $77.03 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.44 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion for the quarter, compared to analysts' expectations of $10.27 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be paid a $0.37 dividend. 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 payout ratio is 23.22%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CRH shares. Sanford C. Bernstein boosted their target price on CRH from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday. Vertical Research raised CRH to a "strong-buy" rating in a research report on Friday, August 1st. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $112.00 target price (up from $108.00) on shares of CRH in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. began coverage on CRH in a report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $116.00.

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.

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