Envestnet Portfolio Solutions Inc. Raises Stock Holdings in Crh Plc $CRH

Key Points

• Envestnet Portfolio Solutions Inc. increased its ownership of Crh Plc by 27.4% in the second quarter, bringing their total shares to 20,128, valued at approximately $1.85 million.
• Crh Plc reported a quarterly earnings per share of $1.94, falling short of analysts' estimates of $2.06, despite a 5.7% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.37, translating to an annual yield of 1.3%, with a payout ratio of 23.22%.

Envestnet Portfolio Solutions Inc. boosted its stake in Crh Plc (NYSE:CRH - Free Report) by 27.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,128 shares of the construction company's stock after buying an additional 4,332 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in CRH were worth $1,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Place Capital Corp boosted 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 valued at $29,000 after acquiring an additional 115 shares during the period. GW&K Investment Management LLC increased its stake in 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 purchasing an additional 208 shares during the period. Ransom Advisory Ltd purchased a new stake in CRH during the first quarter worth about $47,000. Richardson Financial Services Inc. increased its stake in 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 purchasing an additional 154 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its stake in 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 purchasing an additional 225 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of CRH stock opened at $117.48 on Friday. 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 P/E/G ratio of 1.66 and a beta of 1.32. The business has a 50-day simple moving average of $114.08 and a 200-day simple moving average of $100.06.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same period in the prior year, the firm posted $1.88 earnings per share. The business's quarterly revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

Analysts Set New Price Targets

CRH has been the topic of a number of recent research reports. Bank of America initiated coverage on shares of CRH in a research note on Friday, September 26th. They set a "buy" rating and a $128.00 price target on the stock. Wells Fargo & Company upgraded shares of CRH to a "strong-buy" rating in a research note on Wednesday, October 8th. DA Davidson reiterated a "neutral" rating and set a $105.00 price target (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. JPMorgan Chase & Co. initiated coverage on shares of CRH in a research note on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target on the stock. Finally, UBS Group began coverage on shares of CRH in a research note on Tuesday. They set a "buy" rating and a $138.00 price target on the stock. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, CRH currently has an average rating of "Buy" and a consensus target price of $126.21.

CRH Company 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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