3,273 Shares in CRH plc (NYSE:CRH) Bought by Simon Quick Advisors LLC

Simon Quick Advisors 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,273 shares of the construction company's stock, valued at approximately $288,000.

A number of other institutional investors also recently made changes to their positions in CRH. Covestor Ltd increased its stake in shares of CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock worth $70,000 after purchasing an additional 128 shares during the period. Parallel Advisors LLC grew its holdings in CRH by 1.9% in the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after buying an additional 129 shares during the last quarter. First Eagle Investment Management LLC increased its position in CRH by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock worth $405,000 after buying an additional 136 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of CRH by 1.7% during the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock worth $721,000 after buying an additional 139 shares during the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of CRH by 2.8% during the first quarter. Gradient Investments LLC now owns 5,175 shares of the construction company's stock worth $455,000 after buying an additional 143 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

Shares of NYSE CRH traded up $1.25 during midday trading on Monday, hitting $91.29. The stock had a trading volume of 948,661 shares, compared to its average volume of 6,063,579. The firm has a market cap of $61.68 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.28. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The company's 50-day simple moving average is $91.91 and its 200 day simple moving average is $95.36.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. Equities analysts expect that CRH plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a $0.37 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.62%. CRH's payout ratio is presently 23.52%.

Analysts Set New Price Targets

A number of analysts have commented on CRH shares. Loop Capital initiated coverage on CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada lowered their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Finally, Berenberg Bank set a $120.00 price objective on CRH in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $112.58.

CRH Company 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.