TD Private Client Wealth LLC Buys 5,658 Shares of Crh Plc $CRH

Key Points

• TD Private Client Wealth LLC has increased its stake in CRH plc by 52.9%, acquiring an additional 5,658 shares, bringing its total to 16,348 shares valued at approximately $1.5 million.
• CRH recently declared a quarterly dividend of $0.37 per share, with an annualized dividend yield of 1.3% and a payout ratio of 23.22%.
• Despite reporting earnings per share of $1.94 for the latest quarter, CRH missed analysts' expectations by $0.12, while its revenue showed a year-over-year increase of 5.7%.

TD Private Client Wealth LLC boosted its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 52.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,348 shares of the construction company's stock after purchasing an additional 5,658 shares during the period. TD Private Client Wealth LLC's holdings in CRH were worth $1,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CRH by 10.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,815 shares of the construction company's stock worth $445,000 after purchasing an additional 441 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of CRH during the fourth quarter worth approximately $32,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CRH by 86.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,894 shares of the construction company's stock worth $1,563,000 after buying an additional 7,813 shares in the last quarter. 111 Capital acquired a new stake in shares of CRH during the fourth quarter worth approximately $372,000. Finally, Boston Common Asset Management LLC increased its holdings in shares of CRH by 21.2% during the first quarter. Boston Common Asset Management LLC now owns 284,702 shares of the construction company's stock worth $25,045,000 after buying an additional 49,896 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

CRH opened at $111.77 on Friday. The firm's fifty day moving average is $107.80 and its two-hundred day moving average is $97.52. The firm has a market cap of $75.18 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. Crh Plc has a twelve month low of $76.75 and a twelve month high of $116.36.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.12). The firm 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 company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.88 earnings per share. Equities analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were issued 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 was Friday, August 22nd. CRH's dividend payout ratio (DPR) is presently 23.22%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRH. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Tuesday, September 2nd. Vertical Research raised shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. DA Davidson reissued a "neutral" rating and set a $105.00 price target (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Royal Bank Of Canada reissued an "outperform" rating and set a $112.00 price target (up from $108.00) on shares of CRH in a research note on Friday, August 8th. Finally, Sanford C. Bernstein increased their price target on shares of CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $116.00.

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.

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