Davis Rea LTD. Acquires Shares of 20,000 Crh Plc $CRH

Key Points

• Davis Rea LTD. has acquired 20,000 shares of Crh Plc valued at approximately $1.836 million, as disclosed in their recent SEC filing.
• Crh Plc reported a Q2 earnings miss with $1.94 EPS, falling short of analysts' expectations, and an annual revenue increase of 5.7%.
• The company declared a quarterly dividend of $0.37 per share, reflecting a 1.3% yield, with a payout ratio of 23.22%.

Davis Rea LTD. acquired a new stake in shares of Crh Plc (NYSE:CRH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,000 shares of the construction company's stock, valued at approximately $1,836,000.

A number of other hedge funds have also recently bought and sold shares of the business. Park Place Capital Corp lifted its holdings in CRH by 59.9% during the 2nd 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 last quarter. Diversify Advisory Services LLC lifted its holdings in CRH by 5.0% during the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock worth $240,000 after buying an additional 123 shares during the last quarter. Callan Family Office LLC lifted its holdings in CRH by 4.4% during the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock worth $270,000 after buying an additional 129 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in CRH by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock worth $721,000 after buying an additional 139 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in CRH by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock worth $1,342,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Price Performance

Shares of CRH stock opened at $116.21 on Friday. The business's fifty day moving average price is $112.47 and its two-hundred day moving average price is $99.10. The company has a market capitalization of $78.17 billion, a P/E ratio of 24.31, a PEG ratio of 1.67 and a beta of 1.32. Crh Plc has a 1-year low of $76.75 and a 1-year high of $121.88.

CRH (NYSE:CRH - Get Free Report) last announced its earnings results 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 business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 EPS. On average, research analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have commented on CRH shares. Bank of America started coverage on CRH in a report on Friday, September 26th. They set a "buy" rating and a $128.00 target price on the stock. Sanford C. Bernstein increased their target price on CRH from $115.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Jefferies Financial Group raised CRH to a "strong-buy" rating in a report on Monday, September 22nd. UBS Group set a $152.00 target price on CRH in a report on Wednesday, October 1st. Finally, Vertical Research raised CRH to a "strong-buy" rating in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $127.21.

About CRH

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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