MOKAN Wealth Management Inc. Purchases New Shares in Crh Plc (NYSE:CRH)

MOKAN Wealth Management Inc. bought a new stake in Crh Plc (NYSE:CRH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,000 shares of the construction company's stock, valued at approximately $704,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd raised its holdings in CRH by 20.4% during the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock worth $70,000 after purchasing an additional 128 shares in the last quarter. Parallel Advisors LLC boosted its holdings in CRH by 1.9% during the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock worth $630,000 after buying an additional 129 shares in the last quarter. First Eagle Investment Management LLC grew its position in CRH by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock worth $405,000 after buying an additional 136 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of CRH by 1.7% in the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after buying an additional 139 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of CRH by 0.9% in the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after buying an additional 140 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRH has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Royal Bank Of Canada lowered their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Loop Capital began coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Finally, Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $114.18.

CRH Trading Down 3.1%

NYSE CRH traded down $2.81 on Wednesday, reaching $88.71. The company's stock had a trading volume of 3,654,729 shares, compared to its average volume of 5,093,338. Crh Plc has a 52 week low of $71.18 and a 52 week high of $110.97. The firm has a market cap of $59.94 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.37 and a beta of 1.28. The business has a 50-day moving average price of $92.51 and a 200 day moving average price of $94.78.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. Analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, May 23rd. CRH's payout ratio is 23.52%.

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.