Crh Plc (NYSE:CRH) Shares Purchased by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC grew its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 68.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,000 shares of the construction company's stock after buying an additional 6,500 shares during the quarter. CRH accounts for about 2.5% of Cannon Global Investment Management LLC's investment portfolio, making the stock its 4th largest holding. Cannon Global Investment Management LLC's holdings in CRH were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in CRH by 10.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company's stock worth $226,732,000 after purchasing an additional 232,977 shares during the last quarter. SVB Wealth LLC bought a new position in CRH during the fourth quarter worth $237,000. Headlands Technologies LLC lifted its stake in CRH by 142,350.0% during the fourth quarter. Headlands Technologies LLC now owns 17,094 shares of the construction company's stock worth $1,582,000 after purchasing an additional 17,082 shares during the last quarter. Bornite Capital Management LP bought a new position in CRH during the fourth quarter worth $13,878,000. Finally, FMR LLC lifted its stake in CRH by 13.0% during the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after purchasing an additional 4,687,345 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of NYSE:CRH traded up $0.78 during midday trading on Friday, reaching $95.25. The company had a trading volume of 2,931,812 shares, compared to its average volume of 4,932,905. Crh Plc has a 1-year low of $74.02 and a 1-year high of $110.97. The firm has a market cap of $64.36 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26. The company has a fifty day simple moving average of $93.39 and a two-hundred day simple moving average of $94.49.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a net margin of 9.17% and a return on equity of 15.88%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. Analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.55%. CRH's dividend payout ratio (DPR) is 23.52%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRH. Loop Capital began coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price on the stock. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price target on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Royal Bank Of Canada lowered their price target on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Sanford C. Bernstein assumed coverage on CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price on the stock. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CRH presently has a consensus rating of "Buy" and a consensus target price of $114.18.

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.