Crh Plc (NYSE:CRH) Stake Boosted by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC lifted its stake in Crh Plc (NYSE:CRH) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,233 shares of the construction company’s stock after acquiring an additional 720 shares during the quarter. Shepherd Financial Partners LLC’s holdings in CRH were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd boosted its holdings in CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company’s stock worth $70,000 after purchasing an additional 128 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of CRH by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock worth $630,000 after buying an additional 129 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of CRH by 3.2% during the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock worth $405,000 after acquiring an additional 136 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of CRH by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company’s stock valued at $721,000 after acquiring an additional 139 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of CRH by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company’s stock valued at $1,342,000 after acquiring an additional 140 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Down 0.7%

Shares of CRH stock opened at $89.88 on Wednesday. Crh Plc has a 12 month low of $71.18 and a 12 month high of $110.97. The company has a market capitalization of $60.72 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.38 and a beta of 1.28. The stock has a 50 day moving average of $92.13 and a two-hundred day moving average of $95.24.

CRH (NYSE:CRH) last issued its earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 15.88% and a net margin of 9.17%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. Sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. CRH’s dividend payout ratio (DPR) is currently 23.52%.

Analyst Upgrades and Downgrades

CRH has been the subject of several analyst reports. The Goldman Sachs Group restated a “neutral” rating on shares of CRH in a report on Tuesday, May 6th. Morgan Stanley restated an “overweight” rating on shares of CRH in a research note on Wednesday, May 7th. Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. Royal Bank Of Canada cut their target price on shares of CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen raised CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $112.58.

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.