DekaBank Deutsche Girozentrale Sells 277,839 Shares of Crh Plc $CRH

Key Points

• DekaBank Deutsche Girozentrale has reduced its stake in CRH Plc by 6.8%, selling 277,839 shares and now holding approximately 3.8 million shares valued at $348 million.
• CRH's recent earnings report revealed an EPS of $1.94, missing estimates, with revenue of $10.21 billion, reflecting a 5.7% increase compared to the previous year.
• The company announced a quarterly dividend of $0.37 per share, yielding approximately 1.3%, with a payout ratio of 23.22%.

DekaBank Deutsche Girozentrale decreased its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,798,126 shares of the construction company's stock after selling 277,839 shares during the period. CRH makes up about 0.6% of DekaBank Deutsche Girozentrale's investment portfolio, making the stock its 27th largest holding. DekaBank Deutsche Girozentrale owned about 0.56% of CRH worth $348,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Park Place Capital Corp grew its position in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. Diversify Advisory Services LLC grew its position in CRH by 5.0% in the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock valued at $240,000 after purchasing an additional 123 shares in the last quarter. Callan Family Office LLC grew its position in CRH by 4.4% in the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock valued at $270,000 after purchasing an additional 129 shares in the last quarter. LRI Investments LLC grew its position in CRH by 9.2% in the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company's stock valued at $153,000 after purchasing an additional 140 shares in the last quarter. Finally, Sigma Planning Corp grew its position in CRH by 3.4% in the first quarter. Sigma Planning Corp now owns 4,371 shares of the construction company's stock valued at $385,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Price Performance

Shares of CRH opened at $117.48 on Monday. The firm has a 50-day moving average of $114.08 and a 200-day moving average of $100.22. Crh Plc has a one year low of $76.75 and a one year high of $121.88. The company has a market cap of $79.02 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.88 EPS. Analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on CRH. Morgan Stanley set a $134.00 target price on shares of CRH in a research report on Thursday, October 9th. Wells Fargo & Company raised shares of CRH to a "strong-buy" rating in a research report on Wednesday, October 8th. Vertical Research raised shares of CRH to a "strong-buy" rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of CRH in a research report on Wednesday, October 8th. Finally, UBS Group began coverage on shares of CRH in a research report on Tuesday, October 14th. They issued a "buy" rating and a $138.00 price objective for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, CRH currently has a consensus rating of "Buy" and an average target price of $126.21.

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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