4,235 Shares in Crh Plc $CRH Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new position in shares of Crh Plc (NYSE:CRH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,235 shares of the construction company’s stock, valued at approximately $388,000.

Other institutional investors have also made changes to their positions in the company. Park Place Capital Corp increased its position in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after acquiring an additional 115 shares during the last quarter. GW&K Investment Management LLC raised its position in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after purchasing an additional 208 shares during the period. Cullen Frost Bankers Inc. raised its position in CRH by 255.0% in the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after purchasing an additional 306 shares during the period. Ransom Advisory Ltd purchased a new stake in CRH in the first quarter valued at approximately $47,000. Finally, Richardson Financial Services Inc. raised its position in CRH by 29.4% in the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company’s stock valued at $63,000 after purchasing an additional 154 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on CRH shares. Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Morgan Stanley set a $134.00 price objective on shares of CRH in a research note on Thursday, October 9th. Sanford C. Bernstein raised their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Finally, Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Four research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $127.71.

CRH Trading Down 1.0%

Shares of CRH stock opened at $117.32 on Friday. The firm has a fifty day moving average price of $115.39 and a 200 day moving average price of $102.30. The company has a market cap of $78.91 billion, a P/E ratio of 24.54, a PEG ratio of 1.68 and a beta of 1.32. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99.

CRH (NYSE:CRH) last issued 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). The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 EPS. On average, equities analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 22nd. CRH’s payout ratio is currently 23.22%.

About CRH

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.