Public Employees Retirement System of Ohio Takes $31.48 Million Position in Crh Plc $CRH

Public Employees Retirement System of Ohio bought a new position in Crh Plc (NYSE:CRH – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 294,254 shares of the construction company’s stock, valued at approximately $31,485,000.

Other institutional investors also recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in CRH during the fourth quarter worth about $33,000. Meeder Asset Management Inc. increased its stake in shares of CRH by 29,400.0% during the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after purchasing an additional 294 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of CRH during the fourth quarter valued at approximately $37,000. Bell Investment Advisors Inc lifted its holdings in shares of CRH by 51.2% during the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

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CRH Stock Up 0.3%

Shares of NYSE CRH opened at $95.84 on Friday. Crh Plc has a twelve month low of $92.52 and a twelve month high of $131.55. The firm has a market cap of $63.76 billion, a P/E ratio of 16.90, a PEG ratio of 1.76 and a beta of 1.34. The company has a 50 day moving average of $101.59 and a 200 day moving average of $107.66.

CRH (NYSE:CRH – Get Free Report) last issued its earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.02 by $0.19. The business had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.The company’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $1.94 EPS. As a group, equities analysts expect that Crh Plc will post 5.8 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. CRH’s dividend payout ratio (DPR) is 27.51%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRH. Stephens cut their price target on CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Weiss Ratings upgraded CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Wells Fargo & Company dropped their target price on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Truist Financial reduced their price target on CRH from $140.00 to $130.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus price target of $140.57.

Check Out Our Latest Stock Analysis on CRH

About CRH

(Free Report)

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.

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