Crh Plc $CRH Shares Acquired by Greenleaf Trust

Greenleaf Trust increased its position in shares of Crh Plc (NYSE:CRH) by 143.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,062 shares of the construction company’s stock after buying an additional 8,289 shares during the period. Greenleaf Trust’s holdings in CRH were worth $1,505,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Waddell & Associates LLC increased its stake in shares of CRH by 3.8% in the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after buying an additional 87 shares during the last quarter. Larson Financial Group LLC boosted its stake in CRH by 6.1% during the 4th quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company’s stock valued at $222,000 after acquiring an additional 102 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after acquiring an additional 103 shares in the last quarter. Optas LLC grew its holdings in CRH by 4.5% during the 1st quarter. Optas LLC now owns 2,695 shares of the construction company’s stock worth $283,000 after acquiring an additional 117 shares in the last quarter. Finally, Cloverfields Capital Group LP increased its position in shares of CRH by 0.3% in the 1st quarter. Cloverfields Capital Group LP now owns 37,937 shares of the construction company’s stock worth $3,988,000 after purchasing an additional 117 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of NYSE:CRH opened at $94.49 on Tuesday. The company’s fifty day moving average is $101.25 and its two-hundred day moving average is $107.29. Crh Plc has a 1-year low of $92.52 and a 1-year high of $131.55. The stock has a market capitalization of $62.86 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34.

CRH (NYSE:CRH) last released its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. CRH’s quarterly revenue was up 5.6% on a year-over-year basis. Sell-side analysts expect that Crh Plc will post 5.8 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. CRH’s payout ratio is currently 27.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Wells Fargo & Company lowered their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings upgraded CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Jefferies Financial Group increased their target price on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, Stephens decreased their target price on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $140.57.

About CRH

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.