Csenge Advisory Group Buys 3,156 Shares of Crh Plc (NYSE:CRH)

Csenge Advisory Group lifted its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 77.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,210 shares of the construction company's stock after purchasing an additional 3,156 shares during the period. Csenge Advisory Group's holdings in CRH were worth $611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of CRH in the 4th quarter worth about $69,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in CRH by 12.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,916 shares of the construction company's stock valued at $455,000 after purchasing an additional 551 shares during the period. Sei Investments Co. boosted its stake in CRH by 10.1% during the 4th quarter. Sei Investments Co. now owns 196,578 shares of the construction company's stock valued at $18,191,000 after purchasing an additional 18,071 shares during the period. AXQ Capital LP acquired a new position in CRH during the 4th quarter valued at about $274,000. Finally, KLP Kapitalforvaltning AS acquired a new position in CRH during the 4th quarter valued at about $15,090,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRH has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Loop Capital initiated coverage on shares of CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price for the company. 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 note on Monday, April 14th. Sanford C. Bernstein initiated coverage on shares of CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target on the stock. Finally, DA Davidson reiterated a "neutral" rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.82.

CRH Stock Down 0.6%

CRH stock traded down $0.58 during midday trading on Thursday, hitting $96.25. 759,991 shares of the stock were exchanged, compared to its average volume of 5,673,107. Crh Plc has a 52 week low of $74.03 and a 52 week high of $110.97. The stock has a market capitalization of $65.03 billion, a PE ratio of 20.42, a P/E/G ratio of 1.51 and a beta of 1.26. The company has a fifty day simple moving average of $93.15 and a two-hundred day simple moving average of $94.58.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results 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). The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. 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 disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were issued a $0.37 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.54%. 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.