Sequoia Financial Advisors LLC Purchases 4,813 Shares of Crh Plc $CRH

Key Points

• Sequoia Financial Advisors LLC increased its holdings in CRH Plc by 50.5%, acquiring an additional 4,813 shares during the second quarter, bringing their total ownership to 14,346 shares valued at approximately $1.3 million.
• Several large investors, including Aberdeen Group and Vanguard Personalized Indexing Management, have also increased their stakes in CRH, indicating strong institutional interest in the company, which currently has 62.50% of its stock held by institutional investors.
• Analysts are optimistic about CRH's future performance, with multiple firms issuing "buy" or "strong-buy" ratings and raising price targets, suggesting a consensus target of around $126.21 for the stock.

Sequoia Financial Advisors LLC raised its position in shares of Crh Plc (NYSE:CRH - Free Report) by 50.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,346 shares of the construction company's stock after acquiring an additional 4,813 shares during the period. Sequoia Financial Advisors LLC's holdings in CRH were worth $1,317,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. LRI Investments LLC raised its position in shares of CRH by 9.2% during the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company's stock valued at $153,000 after buying an additional 140 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of CRH by 13.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,284 shares of the construction company's stock worth $6,085,000 after buying an additional 7,746 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in shares of CRH by 29.4% during the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company's stock worth $63,000 after buying an additional 154 shares in the last quarter. Applied Capital LLC FL grew its stake in shares of CRH by 1.6% during the second quarter. Applied Capital LLC FL now owns 10,337 shares of the construction company's stock valued at $949,000 after purchasing an additional 162 shares during the last quarter. Finally, Aberdeen Group plc grew its stake in shares of CRH by 48.9% during the second quarter. Aberdeen Group plc now owns 109,934 shares of the construction company's stock valued at $10,134,000 after purchasing an additional 36,105 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CRH shares. Bank of America started coverage on shares of CRH in a research note on Friday, September 26th. They issued a "buy" rating and a $128.00 price objective on the stock. Sanford C. Bernstein boosted their price objective on shares of CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Morgan Stanley set a $134.00 price objective on shares of CRH in a research report on Thursday, October 9th. Jefferies Financial Group raised shares of CRH to a "strong-buy" rating in a research report on Monday, September 22nd. Finally, Truist Financial lifted their price target on shares of CRH from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $126.21.

CRH Trading Down 1.4%

Shares of CRH stock opened at $116.94 on Friday. The company has a 50 day moving average of $113.92 and a 200-day moving average of $99.86. Crh Plc has a 1-year low of $76.75 and a 1-year high of $121.88. The company has a market cap of $78.66 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32.

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

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were given a dividend of $0.37 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. CRH's dividend payout ratio is 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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