Sagespring Wealth Partners LLC 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,193 shares of the construction company's stock, valued at approximately $281,000.
Other hedge funds have also recently modified their holdings of the company. Covestor Ltd grew its stake in CRH by 20.4% during the 4th quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after acquiring an additional 128 shares in the last quarter. Parallel Advisors LLC grew its stake in CRH by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after acquiring an additional 129 shares in the last quarter. First Eagle Investment Management LLC grew its stake in CRH by 3.2% during the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock valued at $405,000 after acquiring an additional 136 shares in the last quarter. Yousif Capital Management LLC grew its stake in CRH by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after acquiring an additional 139 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in CRH by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on CRH shares. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Sanford C. Bernstein started coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target for the company. Royal Bank Of Canada dropped their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley reissued an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $114.18.
Check Out Our Latest Analysis on CRH
CRH Price 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 5,313,171. The company's fifty day moving average is $92.31 and its 200 day moving average is $95.01. Crh Plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock has a market capitalization of $59.53 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.
CRH (NYSE:CRH - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. Equities analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.
CRH Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. CRH's dividend payout ratio (DPR) is presently 23.52%.
CRH Profile
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Free Report)
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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