Stockman Wealth Management Inc. Purchases 3,058 Shares of Crh Plc $CRH

Key Points

• Stockman Wealth Management Inc. increased its stake in CRH Plc by 2.5% during Q2, acquiring an additional 3,058 shares, bringing their total to 126,703 shares worth approximately $11.6 million.
• CRH recently reported earnings of $1.94 per share for the last quarter, which was below analyst expectations, with revenues totaling $10.21 billion.
• The company announced a quarterly dividend of $0.37 per share, resulting in an annualized dividend yield of 1.3% and a payout ratio of 23.22%.

Stockman Wealth Management Inc. grew its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,703 shares of the construction company's stock after acquiring an additional 3,058 shares during the quarter. CRH comprises approximately 1.6% of Stockman Wealth Management Inc.'s investment portfolio, making the stock its 23rd largest holding. Stockman Wealth Management Inc.'s holdings in CRH were worth $11,631,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in CRH by 86.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,894 shares of the construction company's stock worth $1,563,000 after purchasing an additional 7,813 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of CRH by 553.6% during the 1st quarter. Versant Capital Management Inc now owns 4,366 shares of the construction company's stock valued at $384,000 after buying an additional 3,698 shares in the last quarter. GAMMA Investing LLC raised its stake in CRH by 11,109.4% in the 1st quarter. GAMMA Investing LLC now owns 168,814 shares of the construction company's stock valued at $14,851,000 after purchasing an additional 167,308 shares during the last quarter. Cox Capital Mgt LLC raised its stake in CRH by 44.6% in the 1st quarter. Cox Capital Mgt LLC now owns 25,878 shares of the construction company's stock valued at $2,276,000 after purchasing an additional 7,986 shares during the last quarter. Finally, Gradient Investments LLC raised its stake in CRH by 2.8% in the 1st quarter. Gradient Investments LLC now owns 5,175 shares of the construction company's stock valued at $455,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Stock Up 1.7%

Shares of CRH opened at $113.64 on Friday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $116.36. The company has a market capitalization of $76.44 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The stock has a fifty day simple moving average of $108.19 and a two-hundred day simple moving average of $97.64.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results 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 during 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%.The firm's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $1.88 earnings per share. As a group, equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 22nd. CRH's dividend payout ratio (DPR) is presently 23.22%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CRH shares. Jefferies Financial Group raised CRH to a "strong-buy" rating in a research note on Monday, September 22nd. Royal Bank Of Canada reissued 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. JPMorgan Chase & Co. started coverage on CRH in a research note on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 price objective for the company. Bank of America began coverage on CRH in a research note on Friday. They issued a "buy" rating and a $128.00 target price for the company. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $105.00 target price (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, CRH currently has an average rating of "Buy" and an average target price of $117.00.

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.

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