18,200 Shares in CRH PLC (NYSE:CRH) Acquired by Praxis Investment Management Inc.

Praxis Investment Management Inc. purchased a new position in shares of CRH PLC (NYSE:CRH - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,200 shares of the construction company's stock, valued at approximately $1,601,000.

Several other large investors also recently made changes to their positions in CRH. Orion Capital Management LLC bought a new stake in shares of CRH during the 4th quarter worth about $28,000. Heck Capital Advisors LLC bought a new stake in shares of CRH during the 4th quarter worth about $32,000. Park Square Financial Group LLC bought a new stake in shares of CRH during the 4th quarter worth about $32,000. Brown Brothers Harriman & Co. lifted its position in shares of CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after purchasing an additional 240 shares during the last quarter. Finally, Colonial Trust Co SC acquired a new position in shares of CRH during the 4th quarter worth about $37,000. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

CRH has been the subject of several research analyst reports. Royal Bank Of Canada cut their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Wall Street Zen raised CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th. Finally, Sanford C. Bernstein initiated coverage on CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $114.18.

CRH Stock Performance

Shares of CRH stock traded down $0.92 during trading hours on Friday, hitting $88.11. The company had a trading volume of 8,113,932 shares, compared to its average volume of 5,105,303. CRH PLC has a 12 month low of $71.18 and a 12 month high of $110.97. The firm has a market capitalization of $59.53 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.34 and a beta of 1.28. The firm's fifty day moving average is $92.31 and its 200 day moving average is $94.95.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data 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 9.17% and a return on equity of 15.88%. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. On average, sell-side analysts expect that CRH PLC will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. CRH's dividend payout ratio 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.