Compound Global Advisors LLC Reduces Position in Crh Plc (NYSE:CRH)

Compound Global Advisors LLC lessened its holdings in Crh Plc (NYSE:CRH) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the construction company’s stock after selling 700 shares during the quarter. CRH comprises approximately 2.1% of Compound Global Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Compound Global Advisors LLC’s holdings in CRH were worth $352,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in CRH by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock worth $226,732,000 after purchasing an additional 232,977 shares during the period. SVB Wealth LLC purchased a new stake in shares of CRH in the fourth quarter valued at approximately $237,000. Headlands Technologies LLC increased its stake in shares of CRH by 142,350.0% in the 4th quarter. Headlands Technologies LLC now owns 17,094 shares of the construction company’s stock worth $1,582,000 after acquiring an additional 17,082 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in CRH during the fourth quarter worth about $683,000. Finally, Bornite Capital Management LP purchased a new stake in shares of CRH during the 4th quarter valued at approximately $13,878,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Up 1.7%

NYSE CRH opened at $93.36 on Wednesday. Crh Plc has a 52-week low of $71.18 and a 52-week high of $110.97. The stock has a market capitalization of $63.08 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.40 and a beta of 1.26. The firm has a 50-day moving average price of $93.13 and a 200 day moving average price of $94.50.

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

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.59%. CRH’s payout ratio is 23.52%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of CRH in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 target price 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 for the company in a research note on Tuesday, March 11th. Loop Capital began coverage on shares of CRH in a research note on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price target on the stock. Finally, Royal Bank Of Canada cut their target price on CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CRH currently has a consensus rating of “Buy” and a consensus price target of $114.18.

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.