Cullen Frost Bankers Inc. Buys 306 Shares of Crh Plc $CRH

Cullen Frost Bankers Inc. boosted its stake in Crh Plc (NYSE:CRH) by 255.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 426 shares of the construction company’s stock after acquiring an additional 306 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in CRH were worth $39,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Park Place Capital Corp lifted its position in CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. GW&K Investment Management LLC lifted its position in 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 stake in CRH in the 1st quarter valued at $47,000. Richardson Financial Services Inc. lifted its position in CRH by 29.4% in the 2nd quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company’s stock valued at $63,000 after acquiring an additional 154 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in CRH by 44.6% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company’s stock valued at $64,000 after acquiring an additional 225 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on CRH shares. Wells Fargo & Company raised shares of CRH to a “strong-buy” rating in a research report on Wednesday, October 8th. Morgan Stanley set a $134.00 price target on shares of CRH in a research report on Thursday, October 9th. Barclays boosted their price target on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. started coverage on shares of CRH in a research report on Friday. They set an “overweight” rating on the stock. Finally, Vertical Research raised shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $127.71.

CRH Price Performance

CRH stock opened at $120.19 on Monday. The firm has a market capitalization of $80.85 billion, a PE ratio of 25.14, a P/E/G ratio of 1.70 and a beta of 1.32. The company’s 50-day moving average is $114.77 and its 200-day moving average is $101.48. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.88.

CRH (NYSE:CRH) last released its quarterly earnings data 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 firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 earnings per share. As a group, analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were paid a $0.37 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. CRH’s dividend payout ratio is 23.22%.

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.