Stratos Investment Management LLC boosted its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,110 shares of the construction company's stock after buying an additional 13,401 shares during the period. Stratos Investment Management LLC's holdings in CRH were worth $6,783,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Orion Capital Management LLC bought a new stake in shares of CRH in the 4th quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in shares of CRH in the 4th quarter worth $32,000. Park Square Financial Group LLC bought a new stake in shares of CRH in the 4th quarter worth $32,000. Brown Brothers Harriman & Co. grew its stake in shares of CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after acquiring an additional 240 shares in the last quarter. Finally, Colonial Trust Co SC bought a new stake in shares of CRH in the 4th quarter worth $37,000. Institutional investors and hedge funds own 62.50% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Sanford C. Bernstein assumed coverage on shares of CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price for the company. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada cut their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $114.18.
Check Out Our Latest Analysis on CRH
CRH Trading Up 0.4%
Shares of CRH stock traded up $0.35 during trading hours on Tuesday, reaching $94.69. The stock had a trading volume of 2,980,185 shares, compared to its average volume of 4,916,644. The stock's fifty day simple moving average is $93.42 and its 200 day simple moving average is $94.49. Crh Plc has a 12 month low of $74.02 and a 12 month high of $110.97. The firm has a market capitalization of $63.98 billion, a PE ratio of 20.06, a PEG ratio of 1.46 and a beta of 1.26.
CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) EPS 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 firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. As a group, equities research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.
CRH Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio is currently 23.52%.
About CRH
(
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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