Mission Wealth Management LP Sells 425 Shares of Crh Plc (NYSE:CRH)

Mission Wealth Management LP reduced its stake in Crh Plc (NYSE:CRH) by 4.3% during the 1st quarter, Holdings Channel reports. The fund owned 9,441 shares of the construction company’s stock after selling 425 shares during the period. Mission Wealth Management LP’s holdings in CRH were worth $831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CRH. FMR LLC increased its stake in shares of CRH by 13.0% during the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company’s stock worth $3,781,004,000 after purchasing an additional 4,687,345 shares during the period. Vanguard Group Inc. increased its position in CRH by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company’s stock worth $3,624,719,000 after buying an additional 145,101 shares during the period. Franklin Resources Inc. increased its position in CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company’s stock worth $1,553,194,000 after buying an additional 2,437,868 shares during the period. Norges Bank acquired a new stake in shares of CRH during the fourth quarter worth $1,391,245,000. Finally, Bank of New York Mellon Corp boosted its position in shares of CRH by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock valued at $796,546,000 after acquiring an additional 826,758 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 0.7%

Shares of CRH stock opened at $89.88 on Wednesday. The business has a fifty day simple moving average of $92.13 and a 200 day simple moving average of $95.24. The company has a market cap of $60.72 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.38 and a beta of 1.28. Crh Plc has a twelve month low of $71.18 and a twelve month high of $110.97.

CRH (NYSE:CRH) last issued its earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 15.88% and a net margin of 9.17%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. As a group, equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, May 23rd. CRH’s payout ratio is 23.52%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of CRH in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Royal Bank Of Canada dropped their price target on shares of CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Sanford C. Bernstein assumed coverage on CRH in a research report on Tuesday, May 13th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Loop Capital assumed coverage on CRH in a report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $112.58.

CRH 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.