Xponance Inc. Purchases 2,705 Shares of Crh Plc (NYSE:CRH)

Xponance Inc. increased its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,234 shares of the construction company's stock after purchasing an additional 2,705 shares during the quarter. Xponance Inc.'s holdings in CRH were worth $6,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRH. Covestor Ltd increased its position in CRH by 20.4% during the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after acquiring an additional 128 shares during the last quarter. Parallel Advisors LLC increased its position in CRH by 1.9% during the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after acquiring an additional 129 shares during the last quarter. First Eagle Investment Management LLC increased its position in CRH by 3.2% during the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock valued at $405,000 after acquiring an additional 136 shares during the last quarter. Yousif Capital Management LLC increased its position in CRH by 1.7% during the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after acquiring an additional 139 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in CRH by 0.9% during the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after acquiring an additional 140 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

Shares of NYSE:CRH traded down $0.70 during trading on Friday, hitting $95.19. 2,318,304 shares of the company's stock were exchanged, compared to its average volume of 4,880,615. Crh Plc has a 52-week low of $74.03 and a 52-week high of $110.97. The business's 50-day simple moving average is $93.39 and its 200 day simple moving average is $94.52. The company has a market cap of $64.32 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.48 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last released 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 return on equity of 15.88% and a net margin of 9.17%. The business had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.77 billion. On average, sell-side analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, May 23rd. CRH's dividend payout ratio is currently 23.52%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CRH. Royal Bank Of Canada reduced their price target on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. DA Davidson restated a "neutral" rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a research report on Thursday. Sanford C. Bernstein began coverage on CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target for the company. Loop Capital began coverage on CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target for the company. Finally, Morgan Stanley restated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $112.82.

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.