CRH (NYSE:CRH) Stock: Insider Siobhan Talbot Acquires 2,000 Shares

Key Points

• Director Siobhan Talbot bought 2,000 CRH shares at an average price of $94.63, investing $189,260 and increasing her stake by 23.51% to 10,507 shares.
• CRH reported quarterly earnings of $2.09 per share, beating estimates of $2.06, while revenue of $11.40 billion fell short of the $11.56 billion consensus; revenue rose 3% year over year.
• CRH declared a quarterly dividend of $0.39 per share, equivalent to $1.56 annually and a 1.6% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $125.61.

Crh Plc (NYSE:CRH - Get Free Report) Director Siobhan Talbot bought 2,000 shares of CRH stock in a transaction on Tuesday, November 3rd. The stock was acquired at an average cost of $94.63 per share, with a total value of $189,260.00. Following the acquisition, the director owned 10,507 shares of the company's stock, valued at $994,277.41. This trade represents a 23.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CRH Trading Up 5.8%

CRH stock opened at $98.95 on Thursday. The firm has a 50 day moving average of $87.22 and a 200-day moving average of $103.82. The company has a market cap of $65.83 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.78 and a beta of 1.33. Crh Plc has a 12-month low of $78.62 and a 12-month high of $131.55.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.03. The firm had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.56 billion. CRH had a return on equity of 15.03% and a net margin of 9.19%. CRH's quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $2.21 EPS. Sell-side analysts forecast that Crh Plc will post 5.55 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 13th will be given a $0.39 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH's dividend payout ratio (DPR) is currently 29.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRH shares. Jefferies Financial Group decreased their price objective on shares of CRH from $159.50 to $126.50 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Morgan Stanley dropped their target price on shares of CRH from $139.00 to $129.00 and set an "overweight" rating for the company in a report on Wednesday. Truist Financial lifted their target price on shares of CRH from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company cut their price objective on CRH from $106.00 to $100.00 and set an "overweight" rating for the company in a research report on Friday, October 30th. Finally, Stephens upped their target price on CRH from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday. Nineteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.61.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH raised its holdings in CRH by 42.9% in the 3rd quarter. Keybank National Association OH now owns 8,414 shares of the construction company's stock worth $697,000 after acquiring an additional 2,526 shares during the period. Narwhal Capital Management boosted its holdings in CRH by 0.3% during the third quarter. Narwhal Capital Management now owns 50,879 shares of the construction company's stock valued at $4,213,000 after acquiring an additional 130 shares during the period. Gryphon Financial Partners LLC boosted its holdings in CRH by 5.6% during the third quarter. Gryphon Financial Partners LLC now owns 4,393 shares of the construction company's stock valued at $364,000 after acquiring an additional 232 shares during the period. M&G PLC acquired a new stake in shares of CRH in the third quarter valued at about $14,131,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of CRH by 2.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 29,304 shares of the construction company's stock valued at $2,394,000 after purchasing an additional 774 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Company Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.

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