Crh Plc $CRH Shares Sold by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC decreased its holdings in shares of Crh Plc (NYSE:CRH) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,370 shares of the construction company’s stock after selling 725 shares during the quarter. Steamboat Capital Partners LLC’s holdings in CRH were worth $3,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRH. Orion Capital Management LLC purchased a new position in CRH during the fourth quarter worth about $28,000. Heck Capital Advisors LLC purchased a new position in shares of CRH during the 4th quarter worth about $32,000. Park Square Financial Group LLC purchased a new position in shares of CRH during the 4th quarter worth about $32,000. Colonial Trust Co SC acquired a new stake in shares of CRH in the fourth quarter worth approximately $37,000. Finally, GW&K Investment Management LLC grew its holdings in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE CRH opened at $112.89 on Friday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $114.40. The company has a market capitalization of $75.94 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.45 and a beta of 1.26. The business has a 50-day moving average of $100.51 and a 200-day moving average of $96.12.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 EPS. Research analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. CRH’s dividend payout ratio (DPR) is currently 23.22%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CRH shares. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of CRH in a research note on Tuesday, May 6th. Sanford C. Bernstein assumed coverage on CRH in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 target price on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $112.00 target price (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. JPMorgan Chase & Co. began coverage on CRH in a research note on Tuesday, August 26th. They set an “overweight” rating and a $130.00 price target for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of CRH in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $114.64.

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.