Cobblestone Capital Advisors LLC NY Purchases New Position in Crh Plc $CRH

Cobblestone Capital Advisors LLC NY acquired a new stake in Crh Plc (NYSE:CRH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,521 shares of the construction company’s stock, valued at approximately $507,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in CRH by 27.4% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock worth $169,000 after purchasing an additional 413 shares during the period. Canandaigua National Bank & Trust Co. acquired a new stake in shares of CRH during the first quarter worth about $598,000. Hillman Co. lifted its position in CRH by 8.0% during the 1st quarter. Hillman Co. now owns 273,452 shares of the construction company’s stock worth $24,056,000 after acquiring an additional 20,300 shares during the period. Deseret Mutual Benefit Administrators lifted its position in CRH by 44.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company’s stock worth $64,000 after acquiring an additional 225 shares during the period. Finally, Alta Advisers Ltd lifted its position in CRH by 57.6% during the 1st quarter. Alta Advisers Ltd now owns 3,558 shares of the construction company’s stock worth $313,000 after acquiring an additional 1,300 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 0.7%

NYSE:CRH opened at $120.95 on Tuesday. The company has a market capitalization of $81.36 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.32. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.99. The stock has a fifty day simple moving average of $114.95 and a 200-day simple moving average of $101.70.

CRH (NYSE:CRH) last announced its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). CRH had a return on equity of 15.68% and a net margin of 9.09%.The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 22nd. CRH’s payout ratio is currently 23.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CRH shares. UBS Group started coverage on CRH in a report on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target for the company. DA Davidson restated a “neutral” rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Truist Financial raised their target price on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. 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 report on Thursday, September 11th. Finally, Barclays raised their price objective on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $127.71.

CRH Company 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.