Bingham Private Wealth LLC Cuts Position in Crh Plc $CRH

Bingham Private Wealth LLC lessened its holdings in shares of Crh Plc (NYSE:CRH) by 3.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,010 shares of the construction company’s stock after selling 323 shares during the quarter. Bingham Private Wealth LLC’s holdings in CRH were worth $919,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ninety One UK Ltd raised its position in shares of CRH by 13.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock worth $288,572,000 after acquiring an additional 364,319 shares in the last quarter. GSA Capital Partners LLP purchased a new position in CRH during the first quarter worth about $744,000. Hsbc Holdings PLC lifted its holdings in shares of CRH by 100.2% in the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock valued at $39,318,000 after buying an additional 226,602 shares during the period. Massachusetts Financial Services Co. MA boosted its position 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 worth $906,424,000 after purchasing an additional 3,108,416 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in CRH by 27.4% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock worth $169,000 after buying an additional 413 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent research reports. UBS Group set a $152.00 target price on shares of CRH in a report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a research note on Saturday, September 27th. Vertical Research raised shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price target (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada upped their target price on CRH from $112.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $124.31.

CRH Price Performance

Shares of NYSE:CRH opened at $118.28 on Tuesday. The stock has a market cap of $79.56 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 1.59 and a beta of 1.32. The stock’s 50 day moving average price is $110.81 and its 200 day moving average price is $98.59. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.88.

CRH (NYSE:CRH) last issued its 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). The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, sell-side analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

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

About CRH

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.