Asio Capital LLC Has $5.56 Million Stake in Crh Plc $CRH

Asio Capital LLC raised its stake in Crh Plc (NYSE:CRH) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,546 shares of the construction company’s stock after buying an additional 1,704 shares during the quarter. Asio Capital LLC’s holdings in CRH were worth $5,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CRH. Vanguard Group Inc. lifted its stake in CRH by 62.8% in the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after buying an additional 24,591,538 shares during the period. Nuveen LLC bought a new position in shares of CRH during the 1st quarter valued at about $597,888,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of CRH by 43.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after purchasing an additional 3,108,416 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CRH by 58,695.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after purchasing an additional 2,826,179 shares in the last quarter. Finally, AGF Management Ltd. lifted its holdings in shares of CRH by 195.0% during the 1st quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company’s stock valued at $268,485,000 after purchasing an additional 2,017,484 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $114.48 on Tuesday. The business’s 50 day simple moving average is $108.60 and its 200 day simple moving average is $97.79. Crh Plc has a 52-week low of $76.75 and a 52-week high of $116.36. The firm has a market cap of $77.01 billion, a PE ratio of 23.95, a P/E/G ratio of 1.47 and a beta of 1.31.

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 the consensus estimate of $2.06 by ($0.12). The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $1.88 EPS. As a group, equities research analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a report on Tuesday, September 2nd. Bank of America assumed coverage on CRH in a report on Friday. They set a “buy” rating and a $128.00 price objective on the stock. Vertical Research upgraded CRH to a “strong-buy” rating in a report on Friday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $112.00 price objective (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. Finally, Sanford C. Bernstein lifted their price objective on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $117.00.

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.