Crh Plc (NYSE:CRH) Shares Bought by National Bank of Canada FI

Key Points

• National Bank of Canada FI increased its holdings in CRH Plc by 124.6%, owning over 2.1 million shares worth approximately $187.9 million as of its latest SEC filing.
• CRH reported earnings per share of $1.94 for the last quarter, missing estimates by $0.12, with a revenue of $10.21 billion, slightly below expectations.
• The company will pay a $0.37 quarterly dividend on September 24th, resulting in an annualized payout of $1.48, with a yield of 1.4%.

National Bank of Canada FI lifted its holdings in Crh Plc (NYSE:CRH - Free Report) by 124.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,137,182 shares of the construction company's stock after buying an additional 1,185,468 shares during the quarter. National Bank of Canada FI owned 0.32% of CRH worth $187,928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of CRH by 35.0% in the 1st quarter. Citigroup Inc. now owns 568,882 shares of the construction company's stock valued at $50,045,000 after purchasing an additional 147,525 shares in the last quarter. Telemark Asset Management LLC acquired a new stake in shares of CRH during the 1st quarter valued at approximately $13,196,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of CRH by 12.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 551,996 shares of the construction company's stock worth $48,559,000 after acquiring an additional 62,207 shares during the period. Evernest Financial Advisors LLC purchased a new position in CRH in the 1st quarter valued at approximately $250,000. Finally, CenterBook Partners LP raised its holdings in CRH by 85.3% during the first quarter. CenterBook Partners LP now owns 20,928 shares of the construction company's stock worth $1,841,000 after purchasing an additional 9,634 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Performance

Shares of CRH stock opened at $106.96 on Friday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $110.97. The firm's 50-day simple moving average is $93.80 and its 200-day simple moving average is $94.92. The firm has a market cap of $72.27 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last released its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share 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 15.83%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be given a $0.37 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.48 annualized dividend and a yield of 1.4%. CRH's dividend payout ratio (DPR) is currently 23.22%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRH. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Sanford C. Bernstein started coverage on CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price on the stock. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Vertical Research upgraded shares of CRH to a "strong-buy" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada lowered 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. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $112.82.

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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