Landscape Capital Management L.L.C. Invests $564,000 in Crh Plc $CRH

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in CRH Plc worth approximately $564,000, purchasing 6,412 shares in the first quarter.
• CRH recently declared a quarterly dividend of $0.37, representing a dividend yield of 1.3% with a payout ratio of 23.22%.
• The company's stock has a market cap of $75.94 billion and reported earnings of $1.94 per share, missing estimates for the quarter.

Landscape Capital Management L.L.C. purchased a new position in Crh Plc (NYSE:CRH - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 6,412 shares of the construction company's stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp raised its stake in CRH by 426.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 25,136 shares of the construction company's stock valued at $2,211,000 after acquiring an additional 20,363 shares during the period. Brant Point Investment Management LLC raised its holdings in shares of CRH by 133.3% in the 1st quarter. Brant Point Investment Management LLC now owns 70,000 shares of the construction company's stock worth $6,158,000 after purchasing an additional 40,000 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of CRH by 3.4% during the first quarter. Transamerica Financial Advisors LLC now owns 6,682 shares of the construction company's stock valued at $588,000 after buying an additional 221 shares during the period. Ieq Capital LLC increased its stake in CRH by 21.6% in the first quarter. Ieq Capital LLC now owns 73,102 shares of the construction company's stock valued at $6,431,000 after acquiring an additional 12,962 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in CRH by 18.3% during the 1st quarter. Gabelli Funds LLC now owns 11,000 shares of the construction company's stock worth $968,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CRH shares. Sanford C. Bernstein began 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. Vertical Research upgraded CRH to a "strong-buy" rating in a research note on Friday, August 1st. Morgan Stanley reissued an "overweight" rating on shares of CRH in a report on Tuesday. Royal Bank Of Canada restated an "outperform" rating and set a $112.00 target price (up previously from $108.00) on shares of CRH in a research report on Friday, August 8th. Finally, DA Davidson reiterated a "neutral" rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $114.64.

CRH Stock Up 0.1%

Shares of CRH traded up $0.16 during mid-day trading on Friday, hitting $111.77. 1,575,174 shares of the company's stock were exchanged, compared to its average volume of 5,463,337. Crh Plc has a twelve month low of $76.75 and a twelve month high of $114.40. The firm has a fifty day moving average of $102.27 and a two-hundred day moving average of $96.32. The stock has a market cap of $75.19 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.43 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 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 company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same period in the prior year, the firm earned $1.88 EPS. CRH's quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 22nd. CRH's dividend payout ratio (DPR) is 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.