Bingham Private Wealth LLC Has $919,000 Stock Position in Crh Plc $CRH

Bingham Private Wealth LLC trimmed its holdings in Crh Plc (NYSE:CRH) by 3.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,010 shares of the construction company’s stock after selling 323 shares during the quarter. Bingham Private Wealth LLC’s holdings in CRH were worth $919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRH. Ninety One UK Ltd boosted its stake in CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after acquiring an additional 364,319 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of CRH in the 1st quarter valued at approximately $744,000. Hsbc Holdings PLC raised its holdings in shares of CRH by 100.2% during the first quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock worth $39,318,000 after acquiring an additional 226,602 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of CRH by 43.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after purchasing an additional 3,108,416 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in CRH by 27.4% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock worth $169,000 after acquiring an additional 413 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

NYSE:CRH opened at $118.28 on Tuesday. The stock’s fifty day moving average price is $110.81 and its two-hundred day moving average price is $98.59. Crh Plc has a 1 year low of $76.75 and a 1 year high of $121.88. The company has a market cap of $79.56 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.59 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same quarter last year, the business posted $1.88 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s payout ratio is 23.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CRH shares. JPMorgan Chase & Co. assumed coverage on shares of CRH in a report on Tuesday, August 26th. They set an “overweight” rating and a $130.00 target price on the stock. Bank of America began coverage on CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective on the stock. DA Davidson reissued a “neutral” rating and set a $105.00 price target (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. UBS Group set a $152.00 price objective on shares of CRH in a research report on Wednesday, October 1st. Finally, Truist Financial upped their target price on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $124.31.

CRH Company 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.