Crh Plc $CRH Position Decreased by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC lessened its holdings in shares of Crh Plc (NYSE:CRH) by 2.0% during the second quarter, HoldingsChannel reports. The firm owned 117,693 shares of the construction company’s stock after selling 2,422 shares during the quarter. CRH accounts for approximately 2.0% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 10th largest holding. Princeton Global Asset Management LLC’s holdings in CRH were worth $10,804,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CRH. Ninety One UK Ltd raised its position in shares of CRH by 13.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock worth $288,572,000 after buying an additional 364,319 shares during the period. GSA Capital Partners LLP purchased a new position in shares of CRH in the 1st quarter worth $744,000. Hsbc Holdings PLC raised its position 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 worth $39,318,000 after buying an additional 226,602 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of CRH by 43.2% in 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 buying an additional 3,108,416 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of CRH by 27.4% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock worth $169,000 after buying an additional 413 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.5%

Shares of NYSE CRH opened at $117.48 on Monday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.88. The company has a market cap 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. The stock has a fifty day moving average price of $114.08 and a 200 day moving average price of $100.22.

CRH (NYSE:CRH) last announced its 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 business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 earnings per share. On average, sell-side analysts forecast 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 was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.37 per share. The ex-dividend date was 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%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRH shares. Jefferies Financial Group raised CRH to a “strong-buy” rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. started coverage on CRH in a research report on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 target price on the stock. Morgan Stanley set a $134.00 target price on CRH in a research report on Thursday, October 9th. Wells Fargo & Company upgraded CRH to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their price target on CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Four investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $126.21.

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.