CRH (NYSE:CRH) Director Purchases $189,260.00 in Stock

Crh Plc (NYSE:CRH) Director Siobhan Talbot purchased 2,000 shares of the stock in a transaction on Tuesday, November 3rd. The stock was acquired at an average cost of $94.63 per share, for a total transaction of $189,260.00. Following the completion of the acquisition, the director owned 10,507 shares of the company’s stock, valued at $994,277.41. The trade was a 23.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CRH Stock Performance

Shares of CRH opened at $94.94 on Friday. The business’s 50-day moving average is $87.17 and its two-hundred day moving average is $103.55. The company has a market capitalization of $63.16 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.80 and a beta of 1.33. Crh Plc has a fifty-two week low of $78.62 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last issued its earnings results on Thursday, October 29th. The construction company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The firm had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.56 billion. CRH had a return on equity of 15.03% and a net margin of 9.19%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 earnings per share. Analysts forecast that Crh Plc will post 5.55 EPS for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s dividend payout ratio (DPR) is presently 29.27%.

Hedge Funds Weigh In On CRH

A number of large investors have recently added to or reduced their stakes in the stock. Amundi grew its holdings in shares of CRH by 74.7% in the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock valued at $627,126,000 after purchasing an additional 2,550,178 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in CRH by 441.4% during the 1st quarter. Hsbc Holdings PLC now owns 1,468,493 shares of the construction company’s stock worth $154,218,000 after buying an additional 1,197,255 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in CRH during the 1st quarter worth approximately $79,124,000. Janus Henderson Group PLC lifted its holdings in CRH by 27.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock worth $228,994,000 after buying an additional 477,242 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its position in CRH by 1,838.4% in the 2nd quarter. Engineers Gate Manager LP now owns 461,503 shares of the construction company’s stock valued at $49,381,000 after buying an additional 437,694 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRH shares. Royal Bank Of Canada cut their target price on shares of CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, October 9th. UBS Group reiterated a “buy” rating on shares of CRH in a research report on Monday, November 2nd. Weiss Ratings downgraded shares of CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 16th. BNP Paribas Exane lowered their target price on shares of CRH from $157.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. Finally, Rothschild & Co Redburn dropped their target price on CRH from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.97.

About CRH

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building.

CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance.

The company serves customers across North America and Europe through a network of local businesses and operations.