Crh Plc $CRH Shares Acquired by Brucke Financial Inc.

Brucke Financial Inc. lifted its position in shares of Crh Plc (NYSE:CRH) by 7.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,105 shares of the construction company’s stock after acquiring an additional 462 shares during the period. Brucke Financial Inc.’s holdings in CRH were worth $652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Park Place Capital Corp raised its stake in shares of CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares during the last quarter. Diversify Advisory Services LLC raised its stake in CRH by 5.0% in the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after purchasing an additional 123 shares during the last quarter. Callan Family Office LLC raised its stake in CRH by 4.4% in the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after purchasing an additional 129 shares during the last quarter. Yousif Capital Management LLC raised its stake in CRH by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company’s stock valued at $721,000 after purchasing an additional 139 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in CRH by 0.9% in the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company’s stock valued at $1,342,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $116.21 on Friday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.88. The stock has a market capitalization of $78.17 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The business has a 50-day moving average of $112.47 and a two-hundred day moving average of $99.10.

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 return on equity of 15.68% and a net margin of 9.09%.The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CRH shares. Morgan Stanley set a $134.00 target price on shares of CRH in a research note on Thursday. UBS Group set a $152.00 target price on shares of CRH in a research note on Wednesday, October 1st. Truist Financial boosted their target price on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Bank of America started coverage on CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price target for the company. Finally, 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. Four investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $127.21.

CRH 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.