IFP Advisors Inc Sells 869 Shares of Crh Plc $CRH

IFP Advisors Inc lowered its stake in Crh Plc (NYSE:CRH) by 27.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,351 shares of the construction company’s stock after selling 869 shares during the quarter. IFP Advisors Inc’s holdings in CRH were worth $216,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CRH. Park Place Capital Corp raised its stake in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares during the period. GW&K Investment Management LLC grew its holdings in shares of CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after acquiring an additional 208 shares in the last quarter. Ransom Advisory Ltd bought a new position in CRH during the first quarter worth about $47,000. Deseret Mutual Benefit Administrators grew its holdings in CRH by 44.6% during the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company’s stock worth $64,000 after purchasing an additional 225 shares during the period. Finally, Wayfinding Financial LLC bought a new position in CRH during the first quarter worth about $74,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRH. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Truist Financial boosted their target price on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. UBS Group started coverage on shares of CRH in a research note on Tuesday. They issued a “buy” rating and a $138.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their price objective on shares of CRH from $112.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $126.21.

CRH Stock Up 0.5%

CRH stock opened at $117.48 on Friday. The firm has a 50 day moving average price of $114.08 and a 200-day moving average price of $100.06. The company has a market capitalization of $79.02 billion, a P/E ratio of 24.58, a P/E/G ratio of 1.66 and a beta of 1.32. Crh Plc has a twelve month low of $76.75 and a twelve month high of $121.88.

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

CRH Announces Dividend

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

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.