Crh Plc $CRH Shares Purchased by Prudential PLC

Key Points

• Prudential PLC increased its holdings in CRH PLC by 62.2%, owning 27,586 shares valued at $2.4 million as of the latest SEC filing.
• CRH's quarterly earnings report showed an EPS of $1.94, missing estimates by $0.12, with revenue of $10.21 billion.
• The company declared a quarterly dividend of $0.37 per share, with an annualized yield of 1.3% and a payout ratio of 23.22%.

Prudential PLC lifted its holdings in Crh Plc (NYSE:CRH - Free Report) by 62.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,586 shares of the construction company's stock after purchasing an additional 10,577 shares during the period. Prudential PLC's holdings in CRH were worth $2,427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CRH. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in CRH in the 1st quarter valued at $360,000. Callan Family Office LLC raised its position in CRH by 4.4% in the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock valued at $270,000 after purchasing an additional 129 shares during the period. AGF Management Ltd. lifted its stake in shares of CRH by 195.0% in the 1st quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company's stock valued at $268,485,000 after purchasing an additional 2,017,484 shares during the last quarter. Nuveen LLC purchased a new position in shares of CRH during the 1st quarter worth $597,888,000. Finally, Aigen Investment Management LP acquired a new stake in shares of CRH during the 1st quarter worth about $325,000. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Up 1.3%

CRH stock traded up $1.49 during midday trading on Tuesday, reaching $113.02. The company's stock had a trading volume of 1,335,900 shares, compared to its average volume of 5,593,300. The company has a market cap of $76.02 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.42 and a beta of 1.26. The business has a 50-day simple moving average of $96.50 and a 200-day simple moving average of $95.41. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $113.95.

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

CRH Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Friday, August 8th. Sanford C. Bernstein started coverage on CRH in a research note on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $112.00 price objective (up from $108.00) on shares of CRH in a research note on Friday, August 8th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Finally, Vertical Research raised CRH to a "strong-buy" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target 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.