Moisand Fitzgerald Tamayo LLC Makes New Investment in Crh Plc $CRH

Moisand Fitzgerald Tamayo LLC acquired a new stake in Crh Plc (NYSE:CRH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,590 shares of the construction company's stock, valued at approximately $421,000.

Other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC purchased a new stake in shares of CRH during the fourth quarter valued at $32,000. GW&K Investment Management LLC lifted its holdings in shares of CRH by 86.7% during 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 last quarter. Ransom Advisory Ltd purchased a new stake in shares of CRH during the first quarter valued at $47,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of CRH by 44.6% during 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 last quarter. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of CRH by 68.6% during 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 last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Price Performance

CRH stock opened at $113.64 on Friday. The company has a market capitalization of $76.44 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. Crh Plc has a one year low of $76.75 and a one year high of $116.36. The business 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 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.12). The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.CRH's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 EPS. Equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently announced 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. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 22nd. CRH's dividend payout ratio (DPR) is 23.22%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Sanford C. Bernstein upped their price target on CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Vertical Research raised CRH to a "strong-buy" rating in a research report on Friday, August 1st. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. assumed coverage on CRH in a research report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target on the stock. Finally, DA Davidson reaffirmed a "neutral" rating and set a $105.00 price target (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Three investment 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $117.00.

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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