Baader Bank Aktiengesellschaft Makes New Investment in Crh Plc $CRH

Baader Bank Aktiengesellschaft bought a new stake in Crh Plc (NYSE:CRH) during the second quarter, HoldingsChannel.com reports. The fund bought 13,182 shares of the construction company’s stock, valued at approximately $1,210,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in CRH by 62.8% in the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after purchasing an additional 24,591,538 shares in the last quarter. Nuveen LLC acquired a new position in shares of CRH during the first quarter worth about $597,888,000. Massachusetts Financial Services Co. MA boosted its position in shares of CRH by 43.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock worth $906,424,000 after buying an additional 3,108,416 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CRH by 58,695.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after buying an additional 2,826,179 shares in the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of CRH by 195.0% during the 1st quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company’s stock valued at $268,485,000 after buying an additional 2,017,484 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

NYSE CRH opened at $112.45 on Friday. The company has a market capitalization of $75.64 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.31. Crh Plc has a 12 month low of $76.75 and a 12 month high of $114.83. The company’s fifty day moving average price is $105.88 and its two-hundred day moving average price is $96.99.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same quarter last year, the company posted $1.88 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH’s dividend payout ratio (DPR) is currently 23.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. DA Davidson restated a “neutral” rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. started coverage on shares of CRH in a report on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 price objective on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $112.00 target price (up from $108.00) on shares of CRH in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold 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 $116.00.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.