Aberdeen Group plc Decreases Stock Position in Crh Plc $CRH

Aberdeen Group plc trimmed its holdings in Crh Plc (NYSE:CRH) by 94.9% during the first quarter, Holdings Channel.com reports. The fund owned 73,829 shares of the construction company’s stock after selling 1,365,455 shares during the period. Aberdeen Group plc’s holdings in CRH were worth $6,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC increased its stake in shares of CRH by 5.0% during the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock worth $240,000 after purchasing an additional 123 shares in the last quarter. Callan Family Office LLC increased its position in CRH by 4.4% during the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock worth $270,000 after buying an additional 129 shares in the last quarter. Yousif Capital Management LLC increased its position in CRH by 1.7% during the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company’s stock worth $721,000 after buying an additional 139 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of CRH by 0.9% in the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company’s stock worth $1,342,000 after acquiring an additional 140 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of CRH by 1.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 10,387 shares of the construction company’s stock valued at $914,000 after acquiring an additional 141 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CRH shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of CRH in a research report on Tuesday, May 6th. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a report on Friday, August 8th. DA Davidson reissued a “neutral” rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $112.00 price target (up from $108.00) on shares of CRH in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $113.18.

CRH Stock Performance

CRH stock opened at $110.5770 on Thursday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $113.95. The firm has a 50 day moving average price of $97.28 and a 200 day moving average price of $95.63. The company has a market cap of $74.38 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.44 and a beta of 1.26.

CRH (NYSE:CRH) last posted its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share 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 company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same period in the prior year, the business earned $1.88 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH’s payout ratio is 23.22%.

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.