Cwm LLC Sells 5,970 Shares of Crh Plc $CRH

Key Points

• Cwm LLC sold 5,970 shares of Crh Plc, reducing its holdings by 25.2%, resulting in ownership of 17,733 shares valued at approximately $1.63 million.
• Wall Street analysts have rated CRH with a consensus rating of "Buy", with four analysts assigning a Strong Buy rating and a target price of $126.21.
• CRH recently announced a quarterly dividend of $0.37, with a dividend yield of 1.3% and a payout ratio of 23.22%.

Cwm LLC reduced its position in shares of Crh Plc (NYSE:CRH - Free Report) by 25.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,733 shares of the construction company's stock after selling 5,970 shares during the period. Cwm LLC's holdings in CRH were worth $1,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Park Place Capital Corp boosted its position in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock worth $29,000 after buying an additional 115 shares during the period. GW&K Investment Management LLC boosted its position in shares of CRH by 86.7% during the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock worth $39,000 after buying an additional 208 shares during the period. Ransom Advisory Ltd acquired a new position in shares of CRH during the first quarter worth about $47,000. Richardson Financial Services Inc. boosted its position in shares of CRH by 29.4% during the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company's stock worth $63,000 after buying an additional 154 shares during the period. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of CRH by 44.6% during the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock worth $64,000 after buying an additional 225 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group raised CRH to a "strong-buy" rating in a research report on Monday, September 22nd. Royal Bank Of Canada increased their price target on CRH from $112.00 to $152.00 and gave the company an "outperform" rating in a research report on Wednesday, October 1st. Sanford C. Bernstein raised their price objective on CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Vertical Research raised CRH to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of CRH in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $126.21.

CRH Stock Performance

Shares of CRH stock opened at $117.48 on Monday. The stock's fifty day moving average price is $114.08 and its two-hundred day moving average price is $100.22. The company has a market cap of $79.02 billion, a PE ratio of 24.58, a P/E/G ratio of 1.66 and a beta of 1.32. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.88.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.88 EPS. On average, equities analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. CRH's dividend payout ratio (DPR) is 23.22%.

CRH 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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