Triasima Portfolio Management inc. Buys Shares of 24,960 Crh Plc (NYSE:CRH)

Triasima Portfolio Management inc. bought a new stake in Crh Plc (NYSE:CRH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,960 shares of the construction company's stock, valued at approximately $2,196,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Parcion Private Wealth LLC boosted its position in shares of CRH by 3.3% during the first quarter. Parcion Private Wealth LLC now owns 63,037 shares of the construction company's stock worth $5,545,000 after buying an additional 2,023 shares during the period. Victory Capital Management Inc. boosted its position in shares of CRH by 15.2% during the first quarter. Victory Capital Management Inc. now owns 211,981 shares of the construction company's stock worth $18,648,000 after buying an additional 27,934 shares during the period. Bridgewater Advisors Inc. acquired a new position in shares of CRH during the first quarter worth approximately $524,000. Tectonic Advisors LLC boosted its position in shares of CRH by 5.2% during the first quarter. Tectonic Advisors LLC now owns 95,534 shares of the construction company's stock worth $8,404,000 after buying an additional 4,690 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of CRH by 36.6% during the first quarter. Larson Financial Group LLC now owns 2,754 shares of the construction company's stock worth $242,000 after buying an additional 738 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of NYSE:CRH traded up $1.03 on Friday, reaching $93.97. 3,778,516 shares of the company traded hands, compared to its average volume of 4,862,230. Crh Plc has a fifty-two week low of $74.03 and a fifty-two week high of $110.97. The company's 50 day moving average is $93.31 and its 200-day moving average is $94.53. The stock has a market capitalization of $63.49 billion, a PE ratio of 19.91, a P/E/G ratio of 1.45 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a net margin of 9.17% and a return on equity of 15.88%. The company 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 year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio (DPR) is currently 23.52%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Loop Capital assumed coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Sanford C. Bernstein started coverage on CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Royal Bank Of Canada cut their target price on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley restated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Two equities research 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $112.82.

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.