TD Waterhouse Canada Inc. Sells 154,091 Shares of Crh Plc $CRH

TD Waterhouse Canada Inc. trimmed its position in shares of Crh Plc (NYSE:CRH) by 95.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,571 shares of the construction company’s stock after selling 154,091 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in CRH were worth $619,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its position in CRH by 5.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 14,335 shares of the construction company’s stock worth $1,187,000 after purchasing an additional 773 shares during the period. Mather Group LLC. raised its stake in shares of CRH by 142.2% during the 3rd quarter. Mather Group LLC. now owns 125,057 shares of the construction company’s stock worth $10,355,000 after buying an additional 73,419 shares in the last quarter. Reliant Investment Management LLC acquired a new stake in shares of CRH in the 3rd quarter valued at approximately $3,997,000. First Citizens Bank & Trust Co. acquired a new stake in shares of CRH in the 3rd quarter valued at approximately $871,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of CRH by 29.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,082 shares of the construction company’s stock valued at $504,000 after buying an additional 1,382 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Citigroup decreased their price target on CRH from $122.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Morgan Stanley began coverage on CRH in a research report on Friday, September 11th. They issued an “overweight” rating and a $139.00 price objective for the company. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $115.00 price objective (down from $140.00) on shares of CRH in a research report on Tuesday, October 13th. UBS Group reduced their target price on CRH from $147.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Finally, DA Davidson started coverage on shares of CRH in a research report on Monday, August 24th. They set a “buy” rating and a $137.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, CRH has an average rating of “Buy” and an average price target of $126.50.

CRH Stock Up 0.5%

CRH stock opened at $86.45 on Friday. The firm has a market capitalization of $57.51 billion, a PE ratio of 15.25, a P/E/G ratio of 1.56 and a beta of 1.31. Crh Plc has a 52 week low of $78.62 and a 52 week high of $131.55. The firm’s 50-day simple moving average is $88.09 and its 200 day simple moving average is $100.40.

CRH (NYSE:CRH) last posted its earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.19. CRH had a net margin of 9.93% and a return on equity of 15.76%. The firm had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, research analysts expect that Crh Plc will post 5.83 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 14th. CRH’s dividend payout ratio is 27.51%.

CRH Company Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.