Summit Trail Advisors LLC Has $433,000 Position in Crh Plc (NYSE:CRH)

Summit Trail Advisors LLC raised its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 119.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,904 shares of the construction company's stock after acquiring an additional 2,666 shares during the quarter. Summit Trail Advisors LLC's holdings in CRH were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of CRH by 91.8% in the 4th quarter. IFP Advisors Inc now owns 1,592 shares of the construction company's stock valued at $147,000 after acquiring an additional 762 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of CRH during the fourth quarter valued at $69,000. QRG Capital Management Inc. grew its position in shares of CRH by 24.5% during the fourth quarter. QRG Capital Management Inc. now owns 7,281 shares of the construction company's stock worth $674,000 after acquiring an additional 1,431 shares during the last quarter. SVB Wealth LLC bought a new stake in CRH in the 4th quarter valued at about $237,000. Finally, US Bancorp DE boosted its stake in CRH by 1.6% during the 4th quarter. US Bancorp DE now owns 83,564 shares of the construction company's stock valued at $7,731,000 after purchasing an additional 1,308 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank Of Canada dropped their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Loop Capital started coverage on CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective on the stock. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price objective for the company. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $114.18.

CRH Stock Up 0.8%

CRH stock traded up $0.78 during trading on Friday, hitting $95.25. The company had a trading volume of 2,931,812 shares, compared to its average volume of 4,928,360. The stock has a market cap of $64.36 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.45 and a beta of 1.26. The firm has a 50-day moving average price of $93.34 and a 200-day moving average price of $94.48. Crh Plc has a 12 month low of $72.32 and a 12 month high of $110.97.

CRH (NYSE:CRH - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a net margin of 9.17% and a return on equity of 15.88%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. Equities analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Friday, May 23rd. CRH's payout ratio is 23.52%.

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.