Friedenthal Financial Makes New $958,000 Investment in Crh Plc (NYSE:CRH)

Friedenthal Financial purchased a new position in Crh Plc (NYSE:CRH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,888 shares of the construction company's stock, valued at approximately $958,000.

Other large investors also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of CRH in the fourth quarter worth about $28,000. Park Square Financial Group LLC bought a new position in shares of CRH during the fourth quarter worth about $32,000. Heck Capital Advisors LLC bought a new position in shares of CRH during the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. grew its holdings in shares of CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after buying an additional 240 shares in the last quarter. Finally, Colonial Trust Co SC bought a new position in shares of CRH during the fourth quarter worth about $37,000. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 0.9%

Shares of NYSE CRH opened at $89.00 on Thursday. Crh Plc has a 12 month low of $71.18 and a 12 month high of $110.97. The stock has a 50 day moving average of $92.13 and a 200-day moving average of $95.20. The company has a market capitalization of $60.13 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.37 and a beta of 1.28.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 15.88% and a net margin of 9.17%. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. Analysts predict 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, June 25th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. CRH's dividend payout ratio is currently 23.52%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CRH. Loop Capital began coverage on CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Royal Bank Of Canada decreased their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Sanford C. Bernstein began coverage on CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price objective for the company. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CRH presently has an average rating of "Buy" and an average target price of $114.18.

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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