Northside Capital Management LLC Takes Position in Crh Plc $CRH

Key Points

• Northside Capital Management LLC acquired a new stake in CRH Plc, purchasing 93,359 shares valued at approximately $8.57 million.
• CRH reported $1.94 earnings per share for the last quarter, missing the consensus estimate by 12 cents, while revenue grew 5.7% year-over-year.
• The company announced a quarterly dividend of $0.37 per share, with a 1.3% dividend yield, to be paid on September 24.

Northside Capital Management LLC bought a new stake in Crh Plc (NYSE:CRH - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 93,359 shares of the construction company's stock, valued at approximately $8,570,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in CRH in the 1st quarter valued at about $744,000. Hsbc Holdings PLC grew its position in shares of CRH by 100.2% during the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company's stock worth $39,318,000 after purchasing an additional 226,602 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of CRH by 43.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock worth $906,424,000 after purchasing an additional 3,108,416 shares in the last quarter. GAMMA Investing LLC grew its position in shares of CRH by 27.4% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock worth $169,000 after purchasing an additional 413 shares in the last quarter. Finally, National Pension Service grew its position in shares of CRH by 8.6% during the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company's stock worth $189,492,000 after purchasing an additional 170,702 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

CRH stock opened at $114.03 on Wednesday. Crh Plc has a one year low of $76.75 and a one year high of $116.36. The stock has a market cap of $76.71 billion, a PE ratio of 23.86, a P/E/G ratio of 1.49 and a beta of 1.31. The firm has a 50 day simple moving average of $107.03 and a two-hundred day simple moving average of $97.29.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations of $10.27 billion. During the same period in the previous year, the company earned $1.88 EPS. The company's quarterly revenue was up 5.7% on a year-over-year basis. On average, research analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm 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 $0.37 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. CRH's dividend payout ratio (DPR) is presently 23.22%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. DA Davidson reiterated a "neutral" rating and set a $105.00 price target (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research note on Tuesday, September 2nd. Vertical Research raised shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. Sanford C. Bernstein raised their price target on shares of CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. initiated coverage on shares of CRH in a research note on Tuesday, August 26th. They set an "overweight" rating and a $130.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, CRH currently has a consensus rating of "Buy" and a consensus target price of $116.00.

CRH Company 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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