TrueMark Investments LLC Increases Stock Holdings in Crh Plc (NYSE:CRH)

TrueMark Investments LLC raised its stake in Crh Plc (NYSE:CRH - Free Report) by 10.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,052 shares of the construction company's stock after buying an additional 4,140 shares during the quarter. TrueMark Investments LLC's holdings in CRH were worth $3,787,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on CRH shares. Loop Capital initiated coverage on CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target on the stock. Royal Bank Of Canada cut their target price 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. Wall Street Zen upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $114.18.

CRH Stock Up 1.8%

Shares of CRH stock traded up $1.64 during trading on Tuesday, reaching $91.57. The company's stock had a trading volume of 5,003,823 shares, compared to its average volume of 5,099,092. The business has a 50 day moving average price of $92.51 and a 200-day moving average price of $94.78. The company has a market capitalization of $61.87 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 1.37 and a beta of 1.28. Crh Plc has a 12-month low of $71.18 and a 12-month 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) earnings per share (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 during the quarter, compared to analysts' expectations of $6.77 billion. Research analysts predict 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. Stockholders of record on Friday, May 23rd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.62%. CRH's payout ratio is 23.52%.

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.