Nan Fung Trinity HK Ltd. Purchases 142,500 Shares of Crh Plc $CRH

Nan Fung Trinity HK Ltd. acquired a new position in Crh Plc (NYSE:CRH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 142,500 shares of the construction company’s stock, valued at approximately $11,799,000.

Several other large investors also recently modified their holdings of the company. Amundi lifted its holdings in 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 acquiring an additional 2,550,178 shares during the period. Bank of America Corp DE grew its stake in shares of CRH by 3.8% during the 1st quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock valued at $623,203,000 after purchasing an additional 216,822 shares during the period. Dimensional Fund Advisors LP increased its position in shares of CRH by 6.6% during the 1st 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 position in shares of CRH by 4.1% during the 1st 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 position in shares of CRH by 27.9% during the 1st 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. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 2.4%

NYSE CRH opened at $93.99 on Friday. The stock’s 50-day moving average price is $87.38 and its 200-day moving average price is $103.02. Crh Plc has a 52 week low of $78.62 and a 52 week high of $131.55. The company has a market capitalization of $62.52 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.83 and a beta of 1.33.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. The firm had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.56 billion. CRH had a return on equity of 15.03% and a net margin of 9.19%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 EPS. Research analysts anticipate that Crh Plc will post 5.55 EPS for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.56 annualized dividend and a yield of 1.7%. CRH’s payout ratio is currently 29.27%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CRH. Morgan Stanley dropped their price objective on shares of CRH from $139.00 to $129.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Berenberg Bank set a $140.00 target price on shares of CRH in a report on Tuesday, September 8th. Jefferies Financial Group reduced their target price on shares of CRH from $159.50 to $126.50 and set a “buy” rating for the company in a report on Monday, August 3rd. Barclays decreased their price target 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. Finally, Truist Financial lifted their price target on shares of CRH from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.97.

Insiders Place Their Bets

In other news, Director Siobhan Talbot purchased 2,000 shares of the stock in a transaction on Tuesday, November 3rd. The shares were acquired at an average price of $94.63 per share, with a total value of $189,260.00. Following the completion of the acquisition, the director directly owned 10,507 shares of the company’s stock, valued at $994,277.41. This trade represents a 23.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

CRH Company Profile

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.