CRH plc (NYSE:CRH) Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC raised its holdings in CRH plc (NYSE:CRH - Free Report) by 222.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,587 shares of the construction company's stock after acquiring an additional 5,923 shares during the quarter. Pallas Capital Advisors LLC's holdings in CRH were worth $755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CRH. Sivia Capital Partners LLC lifted its holdings in shares of CRH by 15.3% in the 1st quarter. Sivia Capital Partners LLC now owns 2,700 shares of the construction company's stock worth $238,000 after buying an additional 358 shares during the period. Princeton Global Asset Management LLC raised its stake in CRH by 1.7% in the first quarter. Princeton Global Asset Management LLC now owns 120,115 shares of the construction company's stock valued at $10,567,000 after buying an additional 2,023 shares during the last quarter. DHK Financial Advisors Inc. raised its stake in shares of CRH by 13.9% in the first quarter. DHK Financial Advisors Inc. now owns 5,474 shares of the construction company's stock worth $484,000 after purchasing an additional 667 shares during the last quarter. Lmcg Investments LLC raised its stake in shares of CRH by 33.9% in the first quarter. Lmcg Investments LLC now owns 50,781 shares of the construction company's stock worth $4,467,000 after purchasing an additional 12,844 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its stake in shares of CRH by 981.8% in the first quarter. Whipplewood Advisors LLC now owns 4,403 shares of the construction company's stock worth $387,000 after purchasing an additional 3,996 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Trading Down 2.9%

CRH traded down $2.65 on Friday, hitting $89.96. 2,528,080 shares of the company were exchanged, compared to its average volume of 5,357,874. The firm has a 50-day moving average price of $91.91 and a two-hundred day moving average price of $95.41. The company has a market cap of $60.78 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.15 and a beta of 1.28. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a net margin of 9.86% and a return on equity of 16.35%. The firm had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.77 billion. Equities analysts expect that CRH plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, May 23rd. CRH's dividend payout ratio is presently 23.52%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRH. Sanford C. Bernstein began coverage on CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Loop Capital initiated coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective on the stock. Morgan Stanley restated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $112.58.

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.