Credit Agricole S A Sells 23,171 Shares of Crh Plc $CRH

Credit Agricole S A trimmed its position in shares of Crh Plc (NYSE:CRH) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 478,073 shares of the construction company’s stock after selling 23,171 shares during the period. Credit Agricole S A owned 0.07% of CRH worth $42,056,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of CRH during the 4th quarter valued at $28,000. Heck Capital Advisors LLC bought a new stake in CRH in the 4th quarter valued at $32,000. Park Square Financial Group LLC bought a new stake in CRH in the 4th quarter valued at $32,000. Colonial Trust Co SC bought a new stake in CRH in the 4th quarter valued at $37,000. Finally, GW&K Investment Management LLC increased its holdings in CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after acquiring an additional 208 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

Shares of CRH opened at $111.61 on Tuesday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $113.95. The company has a 50-day moving average of $96.50 and a 200 day moving average of $95.41. The firm has a market capitalization of $75.08 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.42 and a beta of 1.26.

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

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd will be issued a $0.37 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. CRH’s payout ratio is currently 23.22%.

Analyst Ratings Changes

A number of brokerages have issued reports on CRH. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a report on Friday, August 8th. The Goldman Sachs Group reiterated a “neutral” rating on shares of CRH in a report on Tuesday, May 6th. DA Davidson reiterated a “neutral” rating and issued a $105.00 price target (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $112.00 price target (up from $108.00) on shares of CRH in a report on Friday, August 8th. Finally, Sanford C. Bernstein started coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 price objective for the company. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $113.18.

CRH Company Profile

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.