GSA Capital Partners LLP Makes New $744,000 Investment in Crh Plc (NYSE:CRH)

Key Points

• GSA Capital Partners LLP has made a new investment in CRH Plc, purchasing 8,452 shares valued at approximately $744,000 during the first quarter.
• CRH's quarterly earnings showed a loss of ($0.12) earnings per share, missing analyst estimates, with a revenue of $6.76 billion compared to expectations of $6.77 billion.
• The company recently paid a quarterly dividend of $0.37, resulting in an annualized payout of $1.48 and a yield of 1.6%, with a dividend payout ratio of 23.52%.

GSA Capital Partners LLP purchased a new stake in Crh Plc (NYSE:CRH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,452 shares of the construction company's stock, valued at approximately $744,000.

A number of other institutional investors also recently modified their holdings of CRH. Diversify Advisory Services LLC increased its stake in CRH by 5.0% in the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock valued at $240,000 after buying an additional 123 shares during the last quarter. Covestor Ltd grew its holdings in shares of CRH by 20.4% in the 4th quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after acquiring an additional 128 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of CRH by 1.7% in the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after acquiring an additional 139 shares during the last quarter. Fifth Third Bancorp raised its holdings in CRH by 0.9% during the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock worth $1,342,000 after acquiring an additional 140 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in CRH by 1.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 10,387 shares of the construction company's stock valued at $914,000 after purchasing an additional 141 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

NYSE CRH opened at $95.31 on Friday. The stock has a market cap of $64.40 billion, a PE ratio of 20.19, a P/E/G ratio of 1.23 and a beta of 1.26. The firm has a 50-day moving average of $93.24 and a 200-day moving average of $94.81. Crh Plc has a 52-week low of $74.03 and a 52-week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share (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 company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. As a group, analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 23rd. CRH's dividend payout ratio is currently 23.52%.

Analyst Ratings Changes

CRH has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Loop Capital assumed coverage on shares of CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price on the stock. Sanford C. Bernstein initiated coverage on shares of CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target on the stock. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada dropped their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CRH presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.82.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.