Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Crh Plc (NYSE:CRH - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,681 shares of the construction company's stock, valued at approximately $246,000.
A number of other large investors also recently made changes to their positions in the business. Diversified Trust Co lifted its stake in shares of CRH by 5.8% during the 2nd quarter. Diversified Trust Co now owns 13,266 shares of the construction company's stock worth $1,218,000 after purchasing an additional 730 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of CRH by 53.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,088,050 shares of the construction company's stock worth $99,883,000 after purchasing an additional 376,975 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of CRH during the 2nd quarter worth $211,000. Fulton Bank N.A. lifted its stake in shares of CRH by 9.2% during the 2nd quarter. Fulton Bank N.A. now owns 8,982 shares of the construction company's stock worth $825,000 after purchasing an additional 755 shares during the period. Finally, Wedmont Private Capital purchased a new position in shares of CRH during the 2nd quarter worth $226,000. Hedge funds and other institutional investors own 62.50% of the company's stock.
CRH Price Performance
NYSE:CRH traded up $1.35 during mid-day trading on Tuesday, reaching $116.07. The stock had a trading volume of 1,665,860 shares, compared to its average volume of 5,338,231. The company has a market capitalization of $78.07 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. Crh Plc has a 1-year low of $76.75 and a 1-year high of $116.36. The stock's 50 day simple moving average is $106.63 and its two-hundred day simple moving average is $97.17.
CRH (NYSE:CRH - Get Free Report) last posted 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 firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same quarter last year, the business posted $1.88 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.
CRH Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders 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 yield of 1.3%. CRH's dividend payout ratio (DPR) is currently 23.22%.
Analyst Ratings Changes
A number of research analysts have weighed in on CRH shares. Royal Bank Of Canada reissued an "outperform" rating and set a $112.00 price target (up previously from $108.00) on shares of CRH in a research note on Friday, August 8th. Vertical Research raised CRH to a "strong-buy" rating in a research report on Friday, August 1st. Sanford C. Bernstein increased their target price on CRH from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. began coverage on CRH in a research report on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 target price on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $116.00.
Check Out Our Latest Stock Analysis on CRH
CRH Profile
(
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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