Polaris Financial Partners acquired a new stake in Crh Plc (NYSE:CRH – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,476 shares of the construction company’s stock, valued at approximately $538,000.
A number of other institutional investors also recently bought and sold shares of CRH. Handelsbanken Fonder AB lifted its holdings in CRH by 13.0% in the second quarter. Handelsbanken Fonder AB now owns 332,198 shares of the construction company’s stock valued at $35,545,000 after acquiring an additional 38,141 shares during the last quarter. Lazard Asset Management LLC increased its stake in CRH by 4.1% during the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock worth $245,460,000 after acquiring an additional 93,106 shares during the last quarter. QRG Capital Management Inc. increased its stake in CRH by 7.7% during the second quarter. QRG Capital Management Inc. now owns 196,860 shares of the construction company’s stock worth $21,064,000 after acquiring an additional 14,091 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in CRH in the second quarter valued at $2,229,000. Finally, Quantinno Capital Management LP lifted its stake in shares of CRH by 16.5% in the 1st quarter. Quantinno Capital Management LP now owns 223,644 shares of the construction company’s stock valued at $23,507,000 after purchasing an additional 31,603 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on CRH. Stephens lowered their price target on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Truist Financial reduced their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Wells Fargo & Company decreased their target price on shares of CRH from $132.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Finally, Citigroup dropped their price target on shares of CRH from $122.00 to $106.00 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $136.04.
CRH Stock Performance
Shares of NYSE CRH traded up $0.35 during trading on Friday, reaching $82.05. The stock had a trading volume of 5,441,345 shares, compared to its average volume of 4,952,284. The company has a market cap of $54.59 billion, a P/E ratio of 14.47, a PEG ratio of 1.63 and a beta of 1.32. Crh Plc has a fifty-two week low of $80.81 and a fifty-two week high of $131.55. The business’s 50-day moving average price is $93.11 and its 200-day moving average price is $102.61.
CRH (NYSE:CRH – Get Free Report) last posted its earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.19. The firm had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.CRH’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 EPS. Analysts forecast that Crh Plc will post 5.9 EPS for the current fiscal year.
CRH Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Friday, August 14th were issued a $0.39 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.9%. CRH’s payout ratio is 27.51%.
CRH Profile
CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.
Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.
CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.
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