Parcion Private Wealth LLC Sells 8,460 Shares of Crh Plc $CRH

Parcion Private Wealth LLC decreased its position in Crh Plc (NYSE:CRH) by 13.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 53,779 shares of the construction company’s stock after selling 8,460 shares during the period. Parcion Private Wealth LLC’s holdings in CRH were worth $6,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Artisan Partners Limited Partnership bought a new stake in shares of CRH in the third quarter valued at $295,798,000. Alkeon Capital Management LLC bought a new position in shares of CRH during the 3rd quarter worth $209,825,000. SG Americas Securities LLC increased its holdings in CRH by 9,615.1% in the 4th quarter. SG Americas Securities LLC now owns 1,386,928 shares of the construction company’s stock worth $173,089,000 after acquiring an additional 1,372,652 shares during the last quarter. Citigroup Inc. raised its stake in CRH by 229.0% in the 3rd quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock valued at $217,154,000 after acquiring an additional 1,260,558 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in CRH by 53.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,336,263 shares of the construction company’s stock valued at $400,018,000 after acquiring an additional 1,167,309 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

CRH opened at $116.34 on Thursday. The firm has a market capitalization of $77.74 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.05 and a beta of 1.35. Crh Plc has a one year low of $81.60 and a one year high of $131.55. The company has a fifty day moving average price of $113.06 and a 200-day moving average price of $117.99.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The business had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. On average, analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th were given a dividend of $0.39 per share. The ex-dividend date was Friday, March 6th. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio (DPR) is presently 28.26%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company upped their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of CRH in a report on Wednesday. Citigroup lifted their price objective on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Company Profile

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.