Crh Plc (NYSE:CRH) Shares Acquired by Stratos Investment Management LLC

Stratos Investment Management LLC raised its position in shares of Crh Plc (NYSE:CRH - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,110 shares of the construction company's stock after purchasing an additional 13,401 shares during the quarter. Stratos Investment Management LLC's holdings in CRH were worth $6,783,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CRH. Orion Capital Management LLC acquired a new position in shares of CRH during the fourth quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of CRH during the fourth quarter valued at approximately $32,000. Park Square Financial Group LLC acquired a new position in shares of CRH during the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. raised its holdings in shares of CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after acquiring an additional 240 shares during the last quarter. Finally, Colonial Trust Co SC acquired a new position in shares of CRH during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CRH. Sanford C. Bernstein began coverage on CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target for the company. Morgan Stanley restated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Loop Capital began coverage on CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target for the company. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, DA Davidson restated a "neutral" rating and issued a $105.00 price target (down from $120.00) on shares of CRH in a research report on Thursday. 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $112.82.

CRH Trading Down 0.8%

CRH stock traded down $0.80 during mid-day trading on Friday, hitting $95.09. The company's stock had a trading volume of 1,016,050 shares, compared to its average volume of 5,824,963. The firm has a market capitalization of $64.25 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.50 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 stock's fifty day moving average is $93.46 and its two-hundred day moving average is $94.52.

CRH (NYSE:CRH - Get Free Report) last released 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). CRH had a return on equity of 15.88% and a net margin of 9.17%. The firm had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.77 billion. On average, equities analysts expect that Crh Plc will post 5.47 EPS for the current fiscal 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 given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. CRH's dividend payout ratio is currently 23.52%.

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.