Crh Plc (NYSE:CRH) Shares Bought by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its holdings in CRH Plc by 60.5% in the 1st quarter, now owning 81,063 shares valued at approximately $7.13 million.
• CRH recently reported a quarterly loss per share of ($0.12), below analyst expectations, along with a revenue of $6.76 billion.
• The company has declared a quarterly dividend of $0.37 per share, with a current annualized dividend yield of 1.52%.

Knights of Columbus Asset Advisors LLC lifted its position in shares of Crh Plc (NYSE:CRH - Free Report) by 60.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,063 shares of the construction company's stock after buying an additional 30,542 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in CRH were worth $7,131,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of CRH during the 4th quarter worth about $69,000. Sei Investments Co. raised its holdings in CRH by 10.1% in the fourth quarter. Sei Investments Co. now owns 196,578 shares of the construction company's stock valued at $18,191,000 after buying an additional 18,071 shares during the period. LPL Financial LLC lifted its position in CRH by 63.5% during the fourth quarter. LPL Financial LLC now owns 167,075 shares of the construction company's stock valued at $15,458,000 after buying an additional 64,873 shares in the last quarter. Congress Wealth Management LLC DE grew its stake in CRH by 49.1% during the fourth quarter. Congress Wealth Management LLC DE now owns 4,560 shares of the construction company's stock worth $422,000 after buying an additional 1,501 shares during the period. Finally, Prudential Financial Inc. grew its stake in CRH by 12.7% during the fourth quarter. Prudential Financial Inc. now owns 270,900 shares of the construction company's stock worth $25,064,000 after buying an additional 30,541 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CRH shares. Sanford C. Bernstein started coverage on CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target for the company. DA Davidson reiterated a "neutral" rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Royal Bank Of Canada decreased their price target on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Loop Capital started coverage on shares of CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $112.82.

CRH Price Performance

CRH traded up $2.90 during trading on Friday, hitting $100.07. The company had a trading volume of 8,790,491 shares, compared to its average volume of 3,437,300. The company has a market cap of $67.61 billion, a PE ratio of 21.20, a P/E/G ratio of 1.58 and a beta of 1.26. Crh Plc has a 1-year low of $74.03 and a 1-year high of $110.97. The business has a 50-day moving average of $93.16 and a 200-day moving average of $94.68.

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

CRH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were issued 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 1.48%. CRH's dividend payout ratio (DPR) is 23.52%.

About CRH

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.