74,266 Shares in Crh Plc $CRH Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC bought a new position in shares of Crh Plc (NYSE:CRH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 74,266 shares of the construction company’s stock, valued at approximately $6,149,000.

Other institutional investors have also made changes to their positions in the company. Amundi raised its stake in CRH by 74.7% in the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock valued at $627,126,000 after acquiring an additional 2,550,178 shares during the period. Bank of America Corp DE boosted its position in CRH by 3.8% during the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock worth $623,203,000 after purchasing an additional 216,822 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CRH by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock valued at $507,784,000 after purchasing an additional 297,309 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of CRH by 4.1% in the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after purchasing an additional 93,106 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of CRH by 27.9% in the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after purchasing an additional 477,242 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRH has been the topic of several research analyst reports. Barclays dropped their price objective on shares of CRH from $131.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Stephens reduced their target price on shares of CRH from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, October 2nd. Citigroup decreased their price target on shares of CRH from $122.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. UBS Group lowered their price target on shares of CRH from $147.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $118.00 price objective on shares of CRH in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, CRH presently has an average rating of “Buy” and an average target price of $126.50.

CRH Trading Up 0.6%

Shares of CRH opened at $85.38 on Tuesday. Crh Plc has a 12 month low of $78.62 and a 12 month high of $131.55. The firm’s 50 day moving average is $87.90 and its 200-day moving average is $105.24. The stock has a market capitalization of $56.80 billion, a PE ratio of 14.79, a P/E/G ratio of 1.54 and a beta of 1.31.

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

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 14th. CRH’s dividend payout ratio (DPR) 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.