OneAscent Investment Solutions LLC Acquires New Shares in Crh Plc (NYSE:CRH)

Key Points

• OneAscent Investment Solutions LLC has acquired a new stake in Crh Plc, purchasing 7,490 shares valued at approximately $659,000, making it the firm's 27th largest holding.
• CRH shares are currently receiving positive outlooks from analysts, with consensus ratings indicating a strong buy and an average price target of $113.18.
• The company has declared a quarterly dividend of $0.37 per share, representing a yield of 1.3%, with the ex-dividend date set for August 22nd.

OneAscent Investment Solutions LLC bought a new stake in Crh Plc (NYSE:CRH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,490 shares of the construction company's stock, valued at approximately $659,000. CRH accounts for approximately 0.8% of OneAscent Investment Solutions LLC's investment portfolio, making the stock its 27th largest holding.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of CRH by 62.8% during the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company's stock valued at $5,608,567,000 after acquiring an additional 24,591,538 shares during the last quarter. Nuveen LLC acquired a new stake in CRH during the first quarter worth about $597,888,000. Massachusetts Financial Services Co. MA increased its stake in CRH by 43.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock worth $906,424,000 after acquiring an additional 3,108,416 shares during the last quarter. AGF Management Ltd. grew its stake in shares of CRH by 195.0% in the first quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company's stock valued at $268,485,000 after buying an additional 2,017,484 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of CRH by 72.2% in the fourth quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock valued at $436,472,000 after buying an additional 1,978,225 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of NYSE CRH traded down $0.96 during mid-day trading on Friday, hitting $110.79. The company had a trading volume of 2,780,159 shares, compared to its average volume of 4,672,656. The stock has a market cap of $74.52 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.42 and a beta of 1.26. Crh Plc has a 12 month low of $76.75 and a 12 month high of $113.95. The firm's 50 day simple moving average is $96.13 and its two-hundred day simple moving average is $95.35.

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). CRH had a net margin of 9.09% and a return on equity of 15.68%. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The firm's revenue was up 5.7% compared to the same quarter last year. Equities analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH's payout ratio is currently 23.22%.

Analyst Ratings Changes

CRH has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Morgan Stanley reissued an "overweight" rating on shares of CRH in a report on Friday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $112.00 price target (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. Finally, Vertical Research raised shares of CRH to a "strong-buy" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, CRH currently has a consensus rating of "Buy" and a consensus target price of $113.18.

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.