Kintegral Advisory LLC cut its position in shares of CRH PLC (NYSE:CRH - Free Report) by 32.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,172 shares of the construction company's stock after selling 19,212 shares during the quarter. Kintegral Advisory LLC's holdings in CRH were worth $3,460,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CRH. Covestor Ltd raised its holdings in shares of CRH by 20.4% during the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after acquiring an additional 128 shares in the last quarter. Parallel Advisors LLC boosted its holdings in CRH by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after acquiring an additional 129 shares in the last quarter. First Eagle Investment Management LLC increased its position in CRH by 3.2% during the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock valued at $405,000 after purchasing an additional 136 shares during the period. Yousif Capital Management LLC raised its holdings in CRH by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock worth $721,000 after purchasing an additional 139 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of CRH by 0.9% in the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock worth $1,342,000 after purchasing an additional 140 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.
CRH Trading Up 0.8%
CRH stock traded up $0.78 on Friday, hitting $95.25. The company had a trading volume of 2,931,812 shares, compared to its average volume of 4,928,360. The stock has a market cap of $64.36 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.46 and a beta of 1.26. The stock's 50-day simple moving average is $93.34 and its 200 day simple moving average is $94.48. CRH PLC has a 12-month low of $72.32 and a 12-month high of $110.97.
CRH (NYSE:CRH - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $6.77 billion. Research analysts forecast that CRH PLC will post 5.47 earnings per share for the current year.
CRH Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio is presently 23.52%.
Analyst Ratings Changes
Several analysts have commented on the stock. Royal Bank Of Canada lowered their price objective on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Loop Capital initiated coverage on CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Sanford C. Bernstein assumed 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. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. One equities 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 stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $114.18.
View Our Latest Report on CRH
CRH Profile
(
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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