Mariner Investment Group LLC bought a new position in shares of Crh Plc (NYSE:CRH - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the construction company's stock, valued at approximately $275,000.
Other hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in CRH in the fourth quarter valued at $32,000. GW&K Investment Management LLC boosted its stake in shares of CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after buying an additional 208 shares during the period. Ransom Advisory Ltd purchased a new position in shares of CRH in the 1st quarter valued at about $47,000. Deseret Mutual Benefit Administrators boosted its stake in shares of CRH by 44.6% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock valued at $64,000 after buying an additional 225 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of CRH by 68.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 774 shares of the construction company's stock valued at $68,000 after buying an additional 315 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.
CRH Stock Performance
CRH stock opened at $113.64 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $116.36. The company has a market capitalization of $76.44 billion, a P/E ratio of 23.77, a PEG ratio of 1.45 and a beta of 1.31. The stock has a 50-day simple moving average of $108.19 and a 200-day simple moving average of $97.65.
CRH (NYSE:CRH - Get Free Report) last posted its earnings results 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 net margin of 9.09% and a return on equity of 15.68%. The firm had revenue of $10.21 billion during the quarter, compared to analysts' expectations of $10.27 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.
CRH Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a $0.37 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH's dividend payout ratio is 23.22%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on CRH shares. Bank of America started coverage on shares of CRH in a research note on Friday. They issued a "buy" rating and a $128.00 price target for the company. Sanford C. Bernstein lifted their price objective on shares of CRH from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Jefferies Financial Group raised CRH to a "strong-buy" rating in a report on Monday, September 22nd. Finally, JPMorgan Chase & Co. began coverage on CRH in a report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $117.00.
Read Our Latest Report on CRH
About CRH
(
Free Report)
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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