Oak Thistle LLC Invests $5.19 Million in Crh Plc (NYSE:CRH)

Oak Thistle LLC purchased a new stake in shares of Crh Plc (NYSE:CRH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 58,938 shares of the construction company's stock, valued at approximately $5,185,000. CRH accounts for approximately 1.0% of Oak Thistle LLC's holdings, making the stock its 4th biggest holding.

Several other institutional investors have also recently made changes to their positions in CRH. Proficio Capital Partners LLC purchased a new stake in shares of CRH during the 4th quarter valued at approximately $69,000. Sei Investments Co. increased its holdings in CRH by 10.1% in the 4th quarter. Sei Investments Co. now owns 196,578 shares of the construction company's stock valued at $18,191,000 after purchasing an additional 18,071 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in CRH in the 4th quarter valued at approximately $517,000. LPL Financial LLC increased its holdings in CRH by 63.5% in the 4th quarter. LPL Financial LLC now owns 167,075 shares of the construction company's stock valued at $15,458,000 after purchasing an additional 64,873 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in CRH by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company's stock valued at $3,624,719,000 after purchasing an additional 145,101 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price for the company. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. DA Davidson reiterated a "neutral" rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Finally, Sanford C. Bernstein assumed coverage on shares of CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $112.82.

CRH Stock Performance

Shares of NYSE:CRH traded up $2.90 during trading on Friday, hitting $100.07. The company's stock had a trading volume of 8,790,491 shares, compared to its average volume of 3,437,300. The business has a 50 day moving average price of $93.16 and a two-hundred day moving average price of $94.68. The company has a market capitalization of $67.61 billion, a PE ratio of 21.20, a P/E/G ratio of 1.58 and a beta of 1.26. Crh Plc has a fifty-two week low of $74.03 and a fifty-two week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business 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%. As a group, equities analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were given a dividend of $0.37 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.48%. CRH's dividend payout ratio (DPR) is currently 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.