Transform Wealth LLC Purchases 4,497 Shares of CRH plc (NYSE:CRH)

Transform Wealth LLC grew its position in shares of CRH plc (NYSE:CRH - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 130,233 shares of the construction company's stock after purchasing an additional 4,497 shares during the quarter. Transform Wealth LLC's holdings in CRH were worth $11,505,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CRH. Covestor Ltd lifted its position in shares of CRH by 20.4% during the 4th quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after acquiring an additional 128 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of CRH by 1.9% during the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after purchasing an additional 129 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of CRH by 3.2% during the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock valued at $405,000 after purchasing an additional 136 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of CRH by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after purchasing an additional 139 shares during the period. Finally, Gradient Investments LLC increased 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 worth $455,000 after purchasing an additional 143 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of NYSE CRH traded up $1.86 during trading hours on Thursday, hitting $92.94. The stock had a trading volume of 1,855,828 shares, compared to its average volume of 5,401,576. The company has a market capitalization of $62.79 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.15 and a beta of 1.28. The firm's 50-day moving average price is $91.48 and its two-hundred day moving average price is $95.61. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly 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 return on equity of 16.35% and a net margin of 9.86%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. As a group, analysts expect that CRH plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be given a $0.37 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.59%. CRH's dividend payout ratio is currently 23.52%.

Analyst Upgrades and Downgrades

CRH has been the subject of several recent analyst reports. Sanford C. Bernstein started coverage on shares of CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Berenberg Bank set a $120.00 price objective on shares of CRH in a research report on Friday, February 28th. Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Wall Street Zen upgraded CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. reduced their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $112.58.

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.