Wealth Enhancement Advisory Services LLC Has $16.83 Million Stock Position in Crh Plc (NYSE:CRH)

Wealth Enhancement Advisory Services LLC raised its stake in Crh Plc (NYSE:CRH - Free Report) by 1,032.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,310 shares of the construction company's stock after acquiring an additional 174,416 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in CRH were worth $16,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Krilogy Financial LLC bought a new position in shares of CRH in the 1st quarter valued at about $1,382,000. NorthCrest Asset Manangement LLC increased its holdings in CRH by 1.2% during the first quarter. NorthCrest Asset Manangement LLC now owns 195,792 shares of the construction company's stock worth $17,224,000 after buying an additional 2,293 shares during the last quarter. Fifth Third Bancorp increased its holdings in CRH by 0.9% during the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock worth $1,342,000 after buying an additional 140 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in CRH during the first quarter worth $288,000. Finally, Transform Wealth LLC increased its holdings in shares of CRH by 3.6% in the first quarter. Transform Wealth LLC now owns 130,233 shares of the construction company's stock valued at $11,505,000 after purchasing an additional 4,497 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Performance

CRH stock opened at $88.11 on Monday. The stock has a market cap of $59.53 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.34 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. The firm's 50-day simple moving average is $92.31 and its 200 day simple moving average is $94.89.

CRH (NYSE:CRH - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share 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. As a group, analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, May 23rd. CRH's dividend payout ratio (DPR) is presently 23.52%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CRH shares. JPMorgan Chase & Co. decreased their price target 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. Wall Street Zen upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, Loop Capital began coverage on shares of CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective on the stock. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CRH currently has a consensus rating of "Buy" and an average price target of $114.18.

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.

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