Jefferies Financial Group Inc. trimmed its stake in shares of Crh Plc (NYSE:CRH – Free Report) by 50.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,000 shares of the construction company’s stock after selling 202,791 shares during the quarter. Jefferies Financial Group Inc.’s holdings in CRH were worth $16,560,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in CRH. Amundi grew its stake in shares of CRH by 74.7% during the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after buying an additional 2,550,178 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of CRH by 3.8% during the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock worth $623,203,000 after buying an additional 216,822 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CRH by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock worth $507,784,000 after buying an additional 297,309 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of CRH by 4.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after acquiring an additional 93,106 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of CRH by 27.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after acquiring an additional 477,242 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.
Insider Buying and Selling at CRH
In related news, Director Siobhan Talbot acquired 2,000 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was bought at an average cost of $94.63 per share, for a total transaction of $189,260.00. Following the completion of the transaction, the director directly owned 10,507 shares of the company’s stock, valued at $994,277.41. The trade was a 23.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.
Wall Street Analysts Forecast Growth
CRH has been the topic of several recent research reports. Deutsche Bank set a $118.00 price objective on CRH in a report on Friday, October 9th. Morgan Stanley lowered their target price on CRH from $139.00 to $129.00 and set an “overweight” rating for the company in a report on Wednesday, November 4th. Berenberg Bank set a $140.00 target price on CRH in a research report on Tuesday, September 8th. Royal Bank Of Canada dropped their target price on CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Finally, JPMorgan Chase & Co. initiated coverage on CRH in a research note on Tuesday, October 13th. They set an “overweight” rating and a $115.00 price target on the stock. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.97.
Check Out Our Latest Stock Analysis on CRH
CRH Stock Performance
Shares of NYSE:CRH opened at $96.21 on Thursday. Crh Plc has a 52 week low of $78.62 and a 52 week high of $131.55. The firm has a market cap of $64.00 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.84 and a beta of 1.33. The firm’s fifty day moving average is $87.36 and its 200-day moving average is $103.16.
CRH (NYSE:CRH – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. The business 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 in the prior year, the business posted $2.21 earnings per share. Sell-side analysts forecast that Crh Plc will post 5.55 EPS for the current year.
CRH Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. CRH’s dividend payout ratio is presently 29.27%.
About CRH
CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building. CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance. The company serves customers across North America and Europe through a network of local businesses and operations.
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