Dynamic Technology Lab Private Ltd Invests $743,000 in Crh Plc $CRH

Key Points

• Dynamic Technology Lab Private Ltd invested $743,000 in CRH Plc by acquiring 8,444 shares during the first quarter.
• CRH announced a quarterly dividend of $0.37, yielding an annualized rate of 1.3%, with a dividend payout ratio of 23.22%.
• Despite a revenue growth of 5.7% year-over-year, CRH's recent quarterly earnings missed analysts' expectations, reporting EPS of $1.94 against an estimate of $2.06.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Crh Plc (NYSE:CRH - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 8,444 shares of the construction company's stock, valued at approximately $743,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in CRH during the fourth quarter worth about $28,000. Park Square Financial Group LLC bought a new stake in shares of CRH in the 4th quarter valued at approximately $32,000. Heck Capital Advisors LLC acquired a new position in shares of CRH in the 4th quarter worth approximately $32,000. GW&K Investment Management LLC lifted its position in shares of CRH by 86.7% during the 1st 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. Finally, Deseret Mutual Benefit Administrators boosted its stake in CRH by 44.6% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock valued at $64,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Down 0.3%

Shares of NYSE CRH opened at $111.98 on Tuesday. The firm's 50-day simple moving average is $103.09 and its 200 day simple moving average is $96.30. The company has a market cap of $75.32 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. Crh Plc has a 12-month low of $76.75 and a 12-month high of $114.40.

CRH (NYSE:CRH - Get Free Report) last posted 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). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same quarter in the previous year, the business posted $1.88 EPS. The company's revenue was up 5.7% compared to the same quarter last year. On average, equities analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

CRH has been the topic of a number of analyst reports. Vertical Research upgraded CRH to a "strong-buy" rating in a research report on Friday, August 1st. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $112.00 target price (up previously from $108.00) on shares of CRH in a research report on Friday, August 8th. JPMorgan Chase & Co. started coverage on shares of CRH in a report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target for the company. Finally, DA Davidson reaffirmed a "neutral" rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, CRH presently has an average rating of "Buy" and a consensus target price of $114.64.

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.

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.