SYM FINANCIAL Corp Takes $247,000 Position in Crh Plc (NYSE:CRH)

SYM FINANCIAL Corp purchased a new position in shares of Crh Plc (NYSE:CRH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,803 shares of the construction company's stock, valued at approximately $247,000.

A number of other hedge funds have also bought and sold shares of CRH. Orion Capital Management LLC acquired a new position in shares of CRH in the 4th quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in shares of CRH during the 4th quarter valued at approximately $32,000. Park Square Financial Group LLC bought a new stake in shares of CRH during the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. grew its holdings in shares of CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after purchasing an additional 240 shares during the last quarter. Finally, Colonial Trust Co SC bought a new stake in shares of CRH during the 4th quarter valued at approximately $37,000. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

Shares of CRH stock traded up $0.37 during trading on Thursday, reaching $97.20. 3,068,943 shares of the company traded hands, compared to its average volume of 3,546,466. Crh Plc has a 1-year low of $74.03 and a 1-year high of $110.97. The company has a 50 day moving average price of $93.14 and a 200-day moving average price of $94.61. The firm has a market capitalization of $65.67 billion, a PE ratio of 20.59, a P/E/G ratio of 1.53 and a beta of 1.26.

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

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.37 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a yield of 1.52%. CRH's payout ratio is 23.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price on the stock. Loop Capital started coverage on shares of CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. Royal Bank Of Canada reduced their price objective 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. DA Davidson reaffirmed a "neutral" rating and issued a $105.00 price objective (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CRH has an average rating of "Moderate Buy" and a consensus price target of $112.82.

About CRH

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.