Kathmere Capital Management LLC Has $965,000 Stake in Crh Plc $CRH

Key Points

• Kathmere Capital Management LLC reduced its stake in CRH Plc by 18.5%, selling 2,393 shares, and now holds 10,515 shares valued at approximately $965,000.
• Multiple institutional investors, including GW&K Investment Management and Deseret Mutual Benefit Administrators, have increased their holdings in CRH, highlighting a continuing interest in the company.
• CRH has received positive ratings from analysts, with a consensus rating of "Buy" and a raised average price target of $117.00, indicating strong future expectations for the stock.

Kathmere Capital Management LLC trimmed its stake in Crh Plc (NYSE:CRH - Free Report) by 18.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,515 shares of the construction company's stock after selling 2,393 shares during the period. Kathmere Capital Management LLC's holdings in CRH were worth $965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GW&K Investment Management LLC increased its holdings in 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 during the period. Ransom Advisory Ltd acquired a new stake in CRH in the first quarter valued at $47,000. Deseret Mutual Benefit Administrators increased its holdings in CRH by 44.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock valued at $64,000 after purchasing an additional 225 shares during the period. Bruce G. Allen Investments LLC increased its holdings in CRH by 68.6% in the first quarter. Bruce G. Allen Investments LLC now owns 774 shares of the construction company's stock valued at $68,000 after purchasing an additional 315 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in CRH in the first quarter valued at $74,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRH. Bank of America began coverage on CRH in a report on Friday. They issued a "buy" rating and a $128.00 price objective for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $112.00 price target (up previously from $108.00) on shares of CRH in a research report on Friday, August 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Sanford C. Bernstein upped their price target on shares of CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Finally, Vertical Research raised shares of CRH to a "strong-buy" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $117.00.

CRH Stock Performance

NYSE:CRH opened at $113.64 on Friday. The firm has a 50-day moving average price of $108.19 and a two-hundred day moving average price of $97.64. Crh Plc has a 52 week low of $76.75 and a 52 week high of $116.36. The firm has a market cap of $76.44 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The business had revenue of $10.21 billion during the quarter, compared to analysts' expectations of $10.27 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. The firm's quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a dividend of $0.37 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. CRH's payout ratio is currently 23.22%.

CRH 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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