Wright Investors Service Inc. lessened its stake in CRH plc (NYSE:CRH - Free Report) by 25.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,900 shares of the construction company's stock after selling 3,684 shares during the quarter. Wright Investors Service Inc.'s holdings in CRH were worth $959,000 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. GAMMA Investing LLC increased its position in CRH by 11,109.4% in the 1st quarter. GAMMA Investing LLC now owns 168,814 shares of the construction company's stock valued at $14,851,000 after acquiring an additional 167,308 shares in the last quarter. Versant Capital Management Inc increased its position in CRH by 553.6% in the 1st quarter. Versant Capital Management Inc now owns 4,366 shares of the construction company's stock valued at $384,000 after acquiring an additional 3,698 shares in the last quarter. Boston Common Asset Management LLC increased its position in CRH by 21.2% in the 1st quarter. Boston Common Asset Management LLC now owns 284,702 shares of the construction company's stock valued at $25,045,000 after acquiring an additional 49,896 shares in the last quarter. 111 Capital acquired a new stake in CRH in the 4th quarter valued at about $372,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in CRH by 86.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,894 shares of the construction company's stock valued at $1,563,000 after acquiring an additional 7,813 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
CRH Stock Performance
Shares of CRH stock traded up $2.15 on Thursday, hitting $93.03. The company's stock had a trading volume of 2,133,084 shares, compared to its average volume of 5,522,463. The stock's 50 day moving average is $90.92 and its 200-day moving average is $95.88. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The company has a market capitalization of $62.86 billion, a PE ratio of 18.61, a PEG ratio of 1.15 and a beta of 1.33.
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 the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. On average, research analysts forecast that CRH plc will post 5.47 earnings per share for the current year.
CRH Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a $0.37 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.59%. CRH's dividend payout ratio (DPR) is currently 23.52%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Sanford C. Bernstein started coverage on shares of CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price on the stock. Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Finally, Royal Bank of Canada lowered their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH currently has an average rating of "Buy" and a consensus price target of $112.58.
Check Out Our Latest Report on CRH
CRH Profile
(
Free Report)
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.
Further Reading
Before you consider CRH, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CRH wasn't on the list.
While CRH currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
