Evernest Financial Advisors LLC bought a new stake in Crh Plc (NYSE:CRH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,843 shares of the construction company's stock, valued at approximately $250,000.
Several other large investors also recently added to or reduced their stakes in CRH. Vanguard Group Inc. grew its holdings in shares of CRH by 62.8% during the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company's stock worth $5,608,567,000 after purchasing an additional 24,591,538 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of CRH by 43.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock worth $906,424,000 after purchasing an additional 3,108,416 shares during the period. Deutsche Bank AG grew its holdings in shares of CRH by 72.2% during the 4th quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock worth $436,472,000 after purchasing an additional 1,978,225 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of CRH by 931.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,977,992 shares of the construction company's stock worth $183,004,000 after purchasing an additional 1,786,189 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of CRH by 43.5% during the 4th quarter. Millennium Management LLC now owns 4,813,580 shares of the construction company's stock worth $445,352,000 after purchasing an additional 1,458,303 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
CRH Price Performance
Shares of NYSE CRH traded up $2.64 during midday trading on Friday, hitting $109.56. 7,683,843 shares of the company's stock were exchanged, compared to its average volume of 4,160,455. Crh Plc has a twelve month low of $76.75 and a twelve month high of $110.97. The company has a market cap of $74.02 billion, a PE ratio of 22.92, a P/E/G ratio of 1.41 and a beta of 1.26. The firm's fifty day simple moving average is $94.17 and its 200-day simple moving average is $94.95.
CRH (NYSE:CRH - Get Free Report) last issued 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). 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 period last year, the business posted $1.88 EPS. CRH's revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.
CRH Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 22nd. CRH's dividend payout ratio (DPR) is 23.22%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a report on Friday. Royal Bank Of Canada reiterated an "outperform" rating and set a $112.00 price target (up from $108.00) on shares of CRH in a report on Friday. DA Davidson restated a "neutral" rating and set a $105.00 target price (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Sanford C. Bernstein started coverage on CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price for the company. Finally, Vertical Research upgraded CRH to a "strong-buy" rating in a report on Friday, August 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, CRH currently has a consensus rating of "Buy" and a consensus target price of $113.18.
View Our Latest Research Report on CRH
About CRH
(
Free Report)
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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