Parcion Private Wealth LLC Sells 8,460 Shares of Crh Plc $CRH

Parcion Private Wealth LLC trimmed its position in shares of Crh Plc (NYSE:CRH) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,779 shares of the construction company’s stock after selling 8,460 shares during the quarter. Parcion Private Wealth LLC’s holdings in CRH were worth $6,712,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State Street Corp raised its holdings in CRH by 2.9% during the third quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock worth $1,645,995,000 after buying an additional 392,146 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of CRH by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock valued at $1,552,506,000 after buying an additional 78,769 shares during the last quarter. Boston Partners increased its position in shares of CRH by 1.7% during the third quarter. Boston Partners now owns 9,816,938 shares of the construction company’s stock worth $1,176,530,000 after acquiring an additional 162,110 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of CRH by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock worth $1,173,615,000 after acquiring an additional 603,082 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of CRH by 0.6% in the 3rd quarter. Invesco Ltd. now owns 7,449,387 shares of the construction company’s stock worth $893,181,000 after acquiring an additional 45,543 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRH has been the subject of a number of analyst reports. Citigroup lifted their price target on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. increased their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Wells Fargo & Company lifted their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Finally, DA Davidson set a $120.00 price target on CRH in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.54.

CRH Trading Down 0.9%

Shares of CRH opened at $116.34 on Thursday. The stock has a 50 day moving average of $113.06 and a 200 day moving average of $117.99. The company has a market capitalization of $77.74 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.05 and a beta of 1.35. Crh Plc has a 12 month low of $81.60 and a 12 month high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The business had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior year, the firm posted $1.02 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Friday, March 6th were given a dividend of $0.39 per share. The ex-dividend date was Friday, March 6th. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio (DPR) is currently 28.26%.

CRH Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.