Tectonic Advisors LLC lifted its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,534 shares of the construction company's stock after acquiring an additional 4,690 shares during the quarter. Tectonic Advisors LLC's holdings in CRH were worth $8,404,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in CRH. Proficio Capital Partners LLC acquired a new position in CRH in the 4th quarter worth $69,000. PNC Financial Services Group Inc. lifted its holdings in CRH by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,002 shares of the construction company's stock worth $1,018,000 after buying an additional 700 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in CRH by 2.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 9,846 shares of the construction company's stock worth $911,000 after buying an additional 201 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in CRH in the 4th quarter worth $214,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in CRH by 12.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,916 shares of the construction company's stock worth $455,000 after buying an additional 551 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
CRH Price Performance
Shares of NYSE:CRH traded up $1.03 during trading on Friday, reaching $93.97. 3,760,936 shares of the company's stock traded hands, compared to its average volume of 4,857,949. Crh Plc has a 12 month low of $74.03 and a 12 month high of $110.97. The company has a 50 day moving average of $93.33 and a 200-day moving average of $94.52. The stock has a market capitalization of $63.49 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.
CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. Equities research analysts predict 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 was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio (DPR) is 23.52%.
Wall Street Analyst Weigh In
CRH has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on shares of CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. DA Davidson reiterated a "neutral" rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Sanford C. Bernstein started coverage on shares of CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Finally, Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $112.82.
View Our Latest Stock Report on CRH
CRH Profile
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Free Report)
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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