Crh Plc $CRH Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of Crh Plc (NYSE:CRH) by 13.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,560 shares of the construction company’s stock after selling 5,570 shares during the period. Amalgamated Bank’s holdings in CRH were worth $3,356,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Park Place Capital Corp increased its position in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Diversify Advisory Services LLC increased its position in shares of CRH by 5.0% during the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock worth $240,000 after purchasing an additional 123 shares in the last quarter. Callan Family Office LLC increased its position in shares of CRH by 4.4% during the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock worth $270,000 after purchasing an additional 129 shares in the last quarter. LRI Investments LLC increased its position in shares of CRH by 9.2% during the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock worth $153,000 after purchasing an additional 140 shares in the last quarter. Finally, Sigma Planning Corp increased its position in shares of CRH by 3.4% during the first quarter. Sigma Planning Corp now owns 4,371 shares of the construction company’s stock worth $385,000 after purchasing an additional 142 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

NYSE:CRH opened at $118.00 on Tuesday. Crh Plc has a one year low of $76.75 and a one year high of $121.99. The firm has a market cap of $79.37 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.68 and a beta of 1.32. The firm’s fifty day moving average is $115.61 and its two-hundred day moving average is $103.00.

CRH (NYSE:CRH) last posted 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 business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.27 billion. During the same period in the previous year, the company posted $1.88 earnings per share. CRH’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $134.00 price target on CRH in a research report on Thursday, October 9th. Sanford C. Bernstein boosted their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. DA Davidson reissued a “neutral” rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Wells Fargo & Company raised shares of CRH to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, CRH has an average rating of “Buy” and an average price target of $127.71.

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.