Crh Plc (NYSE:CRH) Holdings Lifted by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in CRH Plc by 3.6%, owning a total of 111,353 shares valued at approximately $9.8 million as of the latest SEC filing.
• The company reported a quarterly earnings miss with an EPS of ($0.12), falling short of estimates of ($0.06), despite a revenue of $6.76 billion.
• CRH recently declared a quarterly dividend of $0.37 per share, with a dividend yield of 1.48% and a payout ratio of 23.52%.

HB Wealth Management LLC boosted its holdings in Crh Plc (NYSE:CRH - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,353 shares of the construction company's stock after acquiring an additional 3,900 shares during the period. HB Wealth Management LLC's holdings in CRH were worth $9,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of CRH during the 4th quarter worth $28,000. Park Square Financial Group LLC bought a new position in CRH in the fourth quarter valued at about $32,000. Heck Capital Advisors LLC bought a new position in shares of CRH during the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. lifted its position 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 purchasing an additional 240 shares during the last quarter. Finally, Colonial Trust Co SC purchased a new stake in CRH in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

CRH has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Loop Capital assumed coverage on shares of CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. DA Davidson reissued a "neutral" rating and issued a $105.00 price objective (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada decreased their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, CRH presently has an average rating of "Moderate Buy" and a consensus price target of $112.82.

CRH Trading Up 0.4%

CRH stock traded up $0.35 during mid-day trading on Wednesday, hitting $97.59. The company had a trading volume of 826,341 shares, compared to its average volume of 5,654,354. The company has a market capitalization of $65.93 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.55 and a beta of 1.26. The company's fifty day moving average is $93.17 and its 200-day moving average is $94.76. Crh Plc has a 12-month low of $74.03 and a 12-month high of $110.97.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. As a group, sell-side analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.37 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a yield of 1.52%. CRH's dividend payout ratio is presently 23.52%.

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.