Lbp Am Sa Sells 3,382 Shares of Crh Plc $CRH

Key Points

• Lbp Am Sa reduced its holdings in CRH Plc by 18.8%, selling 3,382 shares to end the second quarter with 14,563 shares valued at $1,337,000.
• CRH's quarterly earnings showed a miss compared to expectations, reporting $1.94 earnings per share against a consensus estimate of $2.06, despite a 5.7% revenue increase year-over-year.
• The company announced a $0.37 quarterly dividend, yielding 1.2% annually, with a payout ratio of 23.22% as of its last filing.

Lbp Am Sa lessened its position in shares of Crh Plc (NYSE:CRH - Free Report) by 18.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,563 shares of the construction company's stock after selling 3,382 shares during the period. Lbp Am Sa's holdings in CRH were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Park Place Capital Corp lifted its holdings in shares of CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock worth $29,000 after acquiring an additional 115 shares during the period. Diversify Advisory Services LLC lifted its holdings in shares of CRH by 5.0% during the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock worth $240,000 after acquiring an additional 123 shares during the period. Callan Family Office LLC lifted its holdings in shares of CRH by 4.4% during the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock worth $270,000 after acquiring an additional 129 shares during the period. Yousif Capital Management LLC increased its position in CRH by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock worth $721,000 after purchasing an additional 139 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in CRH by 0.9% in the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

CRH stock opened at $121.13 on Friday. The company has a fifty day moving average price of $110.02 and a 200-day moving average price of $98.25. The company has a market capitalization of $81.48 billion, a P/E ratio of 25.34, a PEG ratio of 1.73 and a beta of 1.32. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.88.

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

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders 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 1.2%. CRH's dividend payout ratio is 23.22%.

Analysts Set New Price Targets

CRH has been the subject of several research reports. Vertical Research raised shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. Jefferies Financial Group raised shares of CRH to a "strong-buy" rating in a research note on Monday, September 22nd. UBS Group set a $152.00 price objective on shares of CRH in a research note on Wednesday. DA Davidson reissued a "neutral" rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. began coverage on shares of CRH in a research note on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $124.31.

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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