XTX Topco Ltd Acquires 120,454 Shares of Crh Plc (NYSE:CRH)

Key Points

• XTX Topco Ltd significantly increased its stake in Crh Plc by 905.0% in Q1, now holding 133,764 shares valued at approximately $11.77 million.
• CRH recently reported a loss of $0.12 EPS, missing the consensus estimate, with revenue of $6.76 billion for the quarter.
• The company declared a quarterly dividend of $0.37 per share, with an annualized yield of 1.50% and a dividend payout ratio of 23.52%.

XTX Topco Ltd boosted its stake in Crh Plc (NYSE:CRH - Free Report) by 905.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 133,764 shares of the construction company's stock after buying an additional 120,454 shares during the period. CRH makes up approximately 0.6% of XTX Topco Ltd's portfolio, making the stock its 4th biggest position. XTX Topco Ltd's holdings in CRH were worth $11,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Orion Capital Management LLC purchased a new stake in CRH during the fourth quarter worth about $28,000. Heck Capital Advisors LLC purchased a new stake in shares of CRH during the fourth quarter worth approximately $32,000. Park Square Financial Group LLC purchased a new stake in shares of CRH during the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. increased its stake in shares of CRH by 214.3% during the fourth 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 period. Finally, Colonial Trust Co SC purchased a new stake in shares of CRH during the fourth quarter worth approximately $37,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Down 0.6%

Shares of CRH stock traded down $0.59 during mid-day trading on Wednesday, reaching $96.65. The stock had a trading volume of 3,093,664 shares, compared to its average volume of 3,528,333. Crh Plc has a 12-month low of $74.03 and a 12-month high of $110.97. The company has a market cap of $65.30 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26. The business has a 50-day simple moving average of $93.21 and a 200 day simple moving average of $94.77.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly 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). 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%. Research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio is presently 23.52%.

Analyst Ratings Changes

CRH has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Morgan Stanley reissued an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. DA Davidson reissued a "neutral" rating and issued a $105.00 price objective (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Sanford C. Bernstein started coverage on CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective for the company. Finally, Royal Bank Of Canada decreased their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.