Groupama Asset Managment Sells 9,123 Shares of Crh Plc $CRH

Key Points

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Groupama Asset Managment decreased its position in shares of Crh Plc (NYSE:CRH - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,611 shares of the construction company's stock after selling 9,123 shares during the period. Groupama Asset Managment's holdings in CRH were worth $9,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CRH. Orion Capital Management LLC acquired a new stake in shares of CRH in the fourth quarter valued at approximately $28,000. Park Square Financial Group LLC acquired a new stake in shares of CRH in the fourth quarter valued at approximately $32,000. Heck Capital Advisors LLC acquired a new stake in shares of CRH in the fourth quarter valued at approximately $32,000. Colonial Trust Co SC acquired a new stake in shares of CRH in the fourth quarter valued at approximately $37,000. Finally, GW&K Investment Management LLC increased its holdings in shares of CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Vertical Research raised 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 report on Friday, August 8th. Sanford C. Bernstein assumed coverage on shares of CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price for the company. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $112.00 target price (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $113.18.

CRH Trading Up 2.3%

Shares of CRH stock traded up $2.5360 on Friday, hitting $113.2560. The stock had a trading volume of 2,965,952 shares, compared to its average volume of 4,527,532. Crh Plc has a twelve month low of $76.75 and a twelve month high of $113.95. The firm has a market cap of $76.18 billion, a P/E ratio of 23.69, a PEG ratio of 1.46 and a beta of 1.26. The company has a fifty day moving average price of $98.10 and a two-hundred day moving average price of $95.72.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same period last year, the firm earned $1.88 EPS. CRH's quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be paid 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 is presently 23.22%.

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.