Crh Plc $CRH Shares Newly Bought by Polaris Financial Partners

Polaris Financial Partners purchased a new position in shares of Crh Plc (NYSE:CRH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,476 shares of the construction company’s stock, valued at approximately $538,000.

Several other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of CRH by 2.5% during the 4th quarter. Royal Bank of Canada now owns 10,808,439 shares of the construction company’s stock worth $1,348,894,000 after buying an additional 262,175 shares during the period. Capital World Investors grew its stake in CRH by 23.7% in the 4th quarter. Capital World Investors now owns 6,155,899 shares of the construction company’s stock valued at $768,300,000 after acquiring an additional 1,178,352 shares during the period. Amundi increased its holdings in CRH by 74.7% in the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after acquiring an additional 2,550,178 shares in the last quarter. Bank of America Corp DE increased its holdings in CRH by 3.8% in the 1st quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock worth $623,203,000 after acquiring an additional 216,822 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in CRH by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock worth $507,784,000 after acquiring an additional 297,309 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Berenberg Bank set a $140.00 price objective on shares of CRH in a report on Tuesday, September 8th. Wells Fargo & Company reduced their price target on shares of CRH from $132.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, September 9th. Stephens decreased their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Weiss Ratings cut CRH from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 16th. Finally, Morgan Stanley initiated coverage on CRH in a research note on Friday, September 11th. They set an “overweight” rating and a $139.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $136.04.

CRH Stock Up 0.4%

Shares of CRH stock traded up $0.35 during trading hours on Friday, reaching $82.05. 5,441,345 shares of the company’s stock were exchanged, compared to its average volume of 4,952,284. The business has a fifty day moving average of $93.11 and a two-hundred day moving average of $102.61. The company has a market capitalization of $54.59 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. Crh Plc has a 1 year low of $80.81 and a 1 year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. The firm had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. CRH’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share. As a group, research analysts predict that Crh Plc will post 5.9 EPS for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th were given a $0.39 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.9%. CRH’s dividend payout ratio is 27.51%.

CRH Profile

CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.

Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.

CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.