Crh Plc $CRH Stock: Illinois Municipal Retirement Fund Raises Position

Illinois Municipal Retirement Fund raised its stake in shares of Crh Plc (NYSE:CRH – Free Report) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,752 shares of the construction company’s stock after purchasing an additional 7,001 shares during the period. Illinois Municipal Retirement Fund’s holdings in CRH were worth $8,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. QRG Capital Management Inc. raised its holdings in CRH by 7.7% during the 2nd quarter. QRG Capital Management Inc. now owns 196,860 shares of the construction company’s stock valued at $21,064,000 after buying an additional 14,091 shares during the period. Davis Rea LTD. lifted its position in CRH by 1,292.9% in the third quarter. Davis Rea LTD. now owns 70,135 shares of the construction company’s stock worth $5,807,000 after buying an additional 65,100 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in CRH by 13.0% during the second quarter. Handelsbanken Fonder AB now owns 332,198 shares of the construction company’s stock worth $35,545,000 after buying an additional 38,141 shares during the period. Lazard Asset Management LLC boosted 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 buying an additional 93,106 shares during the period. Finally, Reliant Investment Management LLC bought a new position in CRH during the third quarter valued at $3,997,000. 62.50% of the stock is owned by institutional investors.

CRH Stock Down 2.4%

CRH stock opened at $93.99 on Friday. Crh Plc has a twelve month low of $78.62 and a twelve month high of $131.55. The firm has a market cap of $62.52 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.83 and a beta of 1.33. The business’s fifty day simple moving average is $87.38 and its two-hundred day simple moving average is $103.02.

CRH (NYSE:CRH – Get Free Report) last issued its earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. The firm had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.56 billion. CRH had a net margin of 9.19% and a return on equity of 15.03%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 earnings per share. Research analysts expect that Crh Plc will post 5.55 EPS for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 13th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 13th. CRH’s dividend payout ratio (DPR) is currently 29.27%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of CRH from $159.50 to $126.50 and set a “buy” rating on the stock in a research note on Monday, August 3rd. JPMorgan Chase & Co. began coverage on shares of CRH in a report on Tuesday, October 13th. They issued an “overweight” rating and a $115.00 target price for the company. Barclays dropped their price target on shares of CRH from $131.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Wells Fargo & Company upped their price target on shares of CRH from $100.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, November 6th. Finally, DA Davidson reduced their price objective on shares of CRH from $117.00 to $114.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.97.

Read Our Latest Research Report on CRH

Insider Buying and Selling

In related news, Director Siobhan Talbot acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was bought at an average price of $94.63 per share, for a total transaction of $189,260.00. Following the acquisition, the director directly owned 10,507 shares of the company’s stock, valued at $994,277.41. This represents a 23.51% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

CRH Profile

(Free Report)

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building. CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance. The company serves customers across North America and Europe through a network of local businesses and operations.

Further Reading

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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