TrueMark Investments LLC Boosts Stake in Crh Plc $CRH

Key Points

• TrueMark Investments LLC increased its holdings in Crh Plc by 8.8%, owning 46,833 shares valued at approximately $4.3 million as of the end of the second quarter.
• Major analysts are optimistic about CRH, with Royal Bank of Canada raising its price target from $112 to $152 and issuing an "outperform" rating.
• CRH recently declared a quarterly dividend of $0.37 per share, translating to an annualized dividend yield of 1.3%.

TrueMark Investments LLC grew its position in shares of Crh Plc (NYSE:CRH - Free Report) by 8.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 46,833 shares of the construction company's stock after acquiring an additional 3,781 shares during the period. TrueMark Investments LLC's holdings in CRH were worth $4,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Park Place Capital Corp grew its holdings in shares of CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock worth $29,000 after acquiring an additional 115 shares during the period. GW&K Investment Management LLC grew its holdings in shares of CRH by 86.7% during the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock worth $39,000 after acquiring an additional 208 shares during the period. Ransom Advisory Ltd purchased a new position in shares of CRH during the 1st quarter worth approximately $47,000. Richardson Financial Services Inc. grew its holdings in shares of CRH by 29.4% during the 2nd quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company's stock worth $63,000 after acquiring an additional 154 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its holdings in shares of CRH by 44.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock worth $64,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CRH shares. Royal Bank Of Canada boosted their price target on CRH from $112.00 to $152.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. UBS Group initiated coverage on CRH in a research note on Tuesday. They issued a "buy" rating and a $138.00 price target on the stock. Wells Fargo & Company upgraded CRH to a "strong-buy" rating in a research note on Wednesday, October 8th. DA Davidson restated a "neutral" rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Finally, Morgan Stanley set a $134.00 price target on CRH in a research note on Thursday, October 9th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $126.21.

CRH Trading Up 0.5%

CRH stock opened at $117.48 on Friday. The stock has a market capitalization of $79.02 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.88. The stock's 50 day simple moving average is $114.08 and its 200 day simple moving average is $100.12.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.12). The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The business's revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.88 earnings per share. On average, research analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 22nd. CRH's dividend payout ratio is presently 23.22%.

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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