Princeton Global Asset Management LLC Sells 2,422 Shares of Crh Plc $CRH

Key Points

• Princeton Global Asset Management LLC reduced its holdings in CRH Plc by 2.0%, selling 2,422 shares during the second quarter, bringing its total to 117,693 shares valued at approximately $10.8 million.
• Equities research analysts have provided a consensus rating of "Buy" for CRH, with a target price averaging $126.21 after several upgrades and new coverage, including a "strong-buy" rating from Vertical Research.
• CRH recently declared a quarterly dividend of $0.37 per share, resulting in an annualized dividend yield of 1.3% and a payout ratio of 23.22%.

Princeton Global Asset Management LLC decreased its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,693 shares of the construction company's stock after selling 2,422 shares during the period. CRH makes up about 2.0% of Princeton Global Asset Management LLC's holdings, making the stock its 10th biggest position. Princeton Global Asset Management LLC's holdings in CRH were worth $10,804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Park Place Capital Corp increased its position in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock worth $29,000 after purchasing an additional 115 shares during the period. Diversify Advisory Services LLC grew its holdings in shares of CRH by 5.0% in the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock worth $240,000 after acquiring an additional 123 shares during the period. Callan Family Office LLC grew its holdings in shares of CRH by 4.4% in the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock worth $270,000 after acquiring an additional 129 shares during the period. LRI Investments LLC grew its holdings in shares of CRH by 9.2% in the 2nd quarter. LRI Investments LLC now owns 1,669 shares of the construction company's stock worth $153,000 after acquiring an additional 140 shares during the period. Finally, Sigma Planning Corp grew its holdings in shares of CRH by 3.4% in the 1st quarter. Sigma Planning Corp now owns 4,371 shares of the construction company's stock worth $385,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CRH shares. DA Davidson restated a "neutral" rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Vertical Research upgraded CRH to a "strong-buy" rating in a report on Friday, August 1st. Bank of America started coverage on CRH in a report on Friday, September 26th. They issued a "buy" rating and a $128.00 price target on the stock. Jefferies Financial Group upgraded CRH to a "strong-buy" rating in a report on Monday, September 22nd. Finally, UBS Group started coverage on CRH in a report on Tuesday, October 14th. They set a "buy" rating and a $138.00 target price on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $126.21.

CRH Stock Performance

Shares of NYSE:CRH opened at $117.48 on Monday. The business's fifty day moving average price is $114.08 and its two-hundred day moving average price is $100.22. The stock has a market cap of $79.02 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32. Crh Plc has a one year low of $76.75 and a one year high of $121.88.

CRH (NYSE:CRH - Get Free Report) last announced its earnings results on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same quarter last year, the company posted $1.88 EPS. CRH's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 22nd. CRH's dividend payout ratio is currently 23.22%.

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.

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