Ritholtz Wealth Management Decreases Holdings in Crh Plc $CRH

Ritholtz Wealth Management lowered its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,789 shares of the construction company's stock after selling 3,975 shares during the period. Ritholtz Wealth Management's holdings in CRH were worth $3,744,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CRH. Vanguard Group Inc. increased its position in CRH by 62.8% in the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company's stock worth $5,608,567,000 after buying an additional 24,591,538 shares during the last quarter. Nuveen LLC purchased a new stake in CRH in the 1st quarter worth about $597,888,000. Massachusetts Financial Services Co. MA increased its holdings in CRH by 43.2% in the 1st 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CRH by 58,695.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company's stock worth $249,043,000 after acquiring an additional 2,826,179 shares during the last quarter. Finally, AGF Management Ltd. increased its holdings in CRH by 195.0% in the 1st quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company's stock worth $268,485,000 after acquiring an additional 2,017,484 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Trading Down 1.2%

Shares of NYSE:CRH opened at $118.64 on Thursday. The company has a 50 day moving average of $113.72 and a 200 day moving average of $99.66. The stock has a market cap of $79.80 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.70 and a beta of 1.32. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.88.

CRH (NYSE:CRH - Get Free Report) last released its quarterly 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). The firm had revenue of $10.21 billion for 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 firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 earnings per share. On average, equities analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. CRH's payout ratio is presently 23.22%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of CRH to a "strong-buy" rating in a research note on Wednesday, October 8th. Morgan Stanley set a $134.00 price objective on shares of CRH in a research note on Thursday, October 9th. Sanford C. Bernstein lifted their price objective on shares of CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. UBS Group assumed coverage on shares of CRH in a research note on Tuesday. They issued a "buy" rating and a $138.00 price objective for the company. Finally, Vertical Research upgraded CRH to a "strong-buy" rating in a research report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, CRH has an average rating of "Buy" and an average price target of $126.21.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.