Waverton Investment Management Ltd Acquires 5,439 Shares of Crh Plc (NYSE:CRH)

Waverton Investment Management Ltd grew its position in Crh Plc (NYSE:CRH - Free Report) by 239.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,715 shares of the construction company's stock after acquiring an additional 5,439 shares during the quarter. Waverton Investment Management Ltd's holdings in CRH were worth $679,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. boosted its stake in CRH by 79.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 6,208 shares of the construction company's stock worth $574,000 after buying an additional 2,754 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of CRH by 5.7% during the 4th quarter. Private Advisor Group LLC now owns 6,760 shares of the construction company's stock worth $625,000 after acquiring an additional 362 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in CRH in the fourth quarter worth about $1,307,000. IFP Advisors Inc grew its stake in shares of CRH by 91.8% in the 4th quarter. IFP Advisors Inc now owns 1,592 shares of the construction company's stock valued at $147,000 after purchasing an additional 762 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in CRH in the 4th quarter valued at $683,000. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Price Performance

Shares of NYSE CRH traded up $0.12 during midday trading on Monday, hitting $91.64. The stock had a trading volume of 4,182,241 shares, compared to its average volume of 5,996,132. The company's 50-day simple moving average is $92.80 and its 200 day simple moving average is $94.56. The firm has a market cap of $61.92 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.39 and a beta of 1.28. Crh Plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a net margin of 9.17% and a return on equity of 15.88%. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. Equities analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio is presently 23.52%.

Analyst Upgrades and Downgrades

CRH has been the topic of several recent analyst reports. Royal Bank Of Canada reduced 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. JPMorgan Chase & Co. decreased their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Morgan Stanley restated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Finally, Sanford C. Bernstein assumed coverage on CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target for the company. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $114.18.

CRH Company 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.