Wealth Enhancement Advisory Services LLC Raises Holdings in Crh Plc (NYSE:CRH)

Wealth Enhancement Advisory Services LLC boosted its position in Crh Plc (NYSE:CRH - Free Report) by 1,032.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Loop Capital assumed coverage on shares of CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price for the company. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target on the stock. Royal Bank Of Canada decreased their price objective on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $114.18.

CRH Price Performance

Shares of CRH stock traded up $0.51 during midday trading on Thursday, hitting $89.18. The company had a trading volume of 5,252,266 shares, compared to its average volume of 5,088,650. The stock has a market cap of $60.25 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.35 and a beta of 1.28. The company's 50 day simple moving average is $92.58 and its 200 day simple moving average is $94.74. Crh Plc has a 52-week low of $71.18 and a 52-week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.77 billion. CRH had a net margin of 9.17% and a return on equity of 15.88%. Analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.66%. CRH's dividend payout ratio (DPR) is 23.52%.

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.