Eagle Global Advisors LLC Sells 2,890 Shares of Crh Plc (NYSE:CRH)

Key Points

• Eagle Global Advisors LLC reduced its holdings in Crh Plc by 2.8%, owning 99,745 shares valued at approximately $8.78 million after selling 2,890 shares in the first quarter.
• Vanguard Group Inc. significantly increased its stake in CRH by 62.8%, now owning over 63 million shares valued at $5.61 billion, highlighting increasing institutional interest.
• CRH reported a quarterly EPS of $1.94, missing estimates of $2.06, but had a year-over-year revenue increase of 5.7%, totaling $10.21 billion.

Eagle Global Advisors LLC decreased its position in shares of Crh Plc (NYSE:CRH - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,745 shares of the construction company's stock after selling 2,890 shares during the period. Eagle Global Advisors LLC's holdings in CRH were worth $8,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of CRH in the fourth quarter valued at approximately $41,407,000. Covestor Ltd lifted its position in CRH by 20.4% in the 4th quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after acquiring an additional 128 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in CRH by 63.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 27,038 shares of the construction company's stock valued at $2,501,000 after acquiring an additional 10,460 shares in the last quarter. SageView Advisory Group LLC bought a new stake in CRH in the 4th quarter valued at $213,000. Finally, Mariner LLC lifted its position in CRH by 8.7% in the 4th quarter. Mariner LLC now owns 73,254 shares of the construction company's stock valued at $6,777,000 after acquiring an additional 5,851 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Vertical Research raised shares of CRH to a "strong-buy" rating in a research report on Friday, August 1st. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Friday. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Royal Bank Of Canada restated 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. Finally, Sanford C. Bernstein assumed coverage on shares of CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $113.18.

CRH Stock Performance

Shares of NYSE:CRH traded up $4.73 during mid-day trading on Tuesday, reaching $112.15. 7,540,199 shares of the company's stock were exchanged, compared to its average volume of 4,542,755. The firm has a market capitalization of $75.77 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.38 and a beta of 1.26. The business's fifty day moving average price is $94.92 and its 200-day moving average price is $95.07. Crh Plc has a twelve month low of $76.75 and a twelve month high of $112.19.

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

CRH Dividend Announcement

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