Greenleaf Trust Sells 2,302 Shares of Crh Plc $CRH

Key Points

• Greenleaf Trust reduced its holdings in CRH Plc by 29% in the second quarter, now owning 5,623 shares valued at approximately $516,000 after selling 2,302 shares.
• CRH shares experienced a 0.9% decline and currently trades at around $120.01, with a market cap of $80.72 billion and a P/E ratio of 25.11.
• CRH announced a quarterly dividend of $0.37, resulting in an annualized dividend of $1.48 with a yield of 1.2%.

Greenleaf Trust lowered its stake in Crh Plc (NYSE:CRH - Free Report) by 29.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,623 shares of the construction company's stock after selling 2,302 shares during the period. Greenleaf Trust's holdings in CRH were worth $516,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Asio Capital LLC lifted its holdings in CRH by 2.9% in the 2nd quarter. Asio Capital LLC now owns 60,546 shares of the construction company's stock worth $5,558,000 after purchasing an additional 1,704 shares during the last quarter. Generate Investment Management Ltd grew its holdings in CRH by 232.7% during the second quarter. Generate Investment Management Ltd now owns 488,016 shares of the construction company's stock valued at $44,800,000 after purchasing an additional 341,354 shares during the last quarter. Exane Asset Management raised its position in shares of CRH by 142.2% in the second quarter. Exane Asset Management now owns 547,596 shares of the construction company's stock valued at $50,249,000 after purchasing an additional 321,509 shares during the period. Stockman Wealth Management Inc. lifted its stake in shares of CRH by 2.5% in the second quarter. Stockman Wealth Management Inc. now owns 126,703 shares of the construction company's stock worth $11,631,000 after buying an additional 3,058 shares during the last quarter. Finally, Mariner Investment Group LLC bought a new stake in shares of CRH during the 2nd quarter worth $275,000. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Down 0.9%

Shares of CRH opened at $120.01 on Friday. The stock's 50-day moving average price is $110.42 and its 200 day moving average price is $98.42. The firm has a market capitalization of $80.72 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 1.75 and a beta of 1.32. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.88.

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). The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.CRH's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.88 EPS. Equities research analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were paid a $0.37 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. CRH's dividend payout ratio is currently 23.22%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRH. Vertical Research upgraded shares of CRH to a "strong-buy" rating in a report on Friday, August 1st. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Truist Financial boosted their price objective on CRH from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday. Sanford C. Bernstein increased their target price on CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Finally, UBS Group set a $152.00 price target on CRH in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $124.31.

About CRH

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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