Crh Plc $CRH Shares Sold by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC decreased its stake in shares of Crh Plc (NYSE:CRH) by 96.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 900 shares of the construction company’s stock after selling 25,443 shares during the quarter. SkyView Investment Advisors LLC’s holdings in CRH were worth $96,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRH. Continuum Advisory LLC purchased a new stake in CRH in the 2nd quarter valued at $29,000. Elyxium Wealth LLC purchased a new position in shares of CRH during the 4th quarter worth $37,000. Bell Investment Advisors Inc raised its holdings in shares of 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 during the period. Manchester Capital Management LLC acquired a new position in shares of CRH during the 4th quarter valued at about $43,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of CRH during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Down 1.3%

NYSE CRH opened at $87.83 on Wednesday. The stock has a fifty day simple moving average of $97.24 and a 200-day simple moving average of $104.71. The stock has a market cap of $58.43 billion, a PE ratio of 15.49, a P/E/G ratio of 1.61 and a beta of 1.33. Crh Plc has a twelve month low of $86.84 and a twelve month high of $131.55.

CRH (NYSE:CRH) last issued its quarterly earnings data 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. 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 period in the previous year, the firm earned $1.94 EPS. CRH’s revenue was up 5.6% on a year-over-year basis. 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 will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 14th. CRH’s payout ratio is 27.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley initiated coverage on shares of CRH in a research report on Friday, September 11th. They set an “overweight” rating and a $139.00 price objective for the company. Berenberg Bank set a $140.00 target price on shares of CRH in a report on Tuesday, September 8th. Wells Fargo & Company dropped their price target on shares of CRH from $132.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, September 9th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Citigroup lowered shares of CRH from a “buy” rating to a “cautious” rating in a research report on Wednesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $139.57.

About CRH

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its offerings include aggregates, cement, ready-mixed concrete, asphalt, architectural products, precast concrete and other construction-related materials and services.

The company serves customers across North America and Europe, with operations spanning construction materials, infrastructure products and building solutions. CRH supports projects such as roads, bridges, airports, utilities, commercial buildings and residential developments.

CRH was formed in 1970 through the merger of Cement Limited and Roadstone, two Irish building materials businesses.