Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Crh Plc $CRH

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in CRH Plc by 13.2%, owning 66,284 shares valued at $6,085,000 after buying an additional 7,746 shares in the second quarter.
• CRH recently announced a $0.37 quarterly dividend, with an annualized yield of 1.3% and a payout ratio of 23.22%.
• Analysts have given CRH a consensus rating of "Buy", with target prices ranging from $105 to $140 among various financial institutions.

Vanguard Personalized Indexing Management LLC lifted its position in Crh Plc (NYSE:CRH - Free Report) by 13.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,284 shares of the construction company's stock after buying an additional 7,746 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in CRH were worth $6,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRH. Park Place Capital Corp lifted its holdings in shares of CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock worth $29,000 after buying an additional 115 shares in the last quarter. GW&K Investment Management LLC raised its stake in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after purchasing an additional 208 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in CRH in the first quarter valued at approximately $47,000. Richardson Financial Services Inc. raised its stake in CRH by 29.4% in the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company's stock valued at $63,000 after purchasing an additional 154 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its stake in CRH by 44.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock valued at $64,000 after purchasing an additional 225 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

CRH stock opened at $117.71 on Tuesday. The company has a market capitalization of $79.18 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.64 and a beta of 1.32. Crh Plc has a one year low of $76.75 and a one year high of $121.88. The company's 50 day moving average price is $112.86 and its two-hundred day moving average price is $99.39.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results 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). CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts predict 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, September 24th. Stockholders of record on Friday, August 22nd were issued a $0.37 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. CRH's dividend payout ratio (DPR) is currently 23.22%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent analyst reports. Truist Financial raised their target price on shares of CRH from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Jefferies Financial Group raised shares of CRH to a "strong-buy" rating in a research note on Monday, September 22nd. DA Davidson reaffirmed a "neutral" rating and issued a $105.00 target price (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Vertical Research raised shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Sanford C. Bernstein lifted their price target on shares of CRH from $115.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $127.21.

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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