Crh Plc $CRH Shares Purchased by CW Advisors LLC

CW Advisors LLC grew its holdings in Crh Plc (NYSE:CRH) by 14.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,230 shares of the construction company’s stock after buying an additional 670 shares during the period. CW Advisors LLC’s holdings in CRH were worth $460,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CRH. Vanguard Group Inc. lifted its stake in CRH by 62.8% during the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock worth $5,608,567,000 after acquiring an additional 24,591,538 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in CRH by 43.2% during the 1st 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. Bank of New York Mellon Corp lifted its holdings in CRH by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 8,830,489 shares of the construction company’s stock worth $776,818,000 after buying an additional 221,038 shares in the last quarter. Boston Partners boosted its position in CRH by 5.9% in the 1st quarter. Boston Partners now owns 8,822,801 shares of the construction company’s stock valued at $775,349,000 after buying an additional 493,796 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of CRH during the first quarter worth $597,888,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 0.7%

Shares of CRH stock opened at $113.42 on Thursday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $114.40. The firm’s 50 day moving average is $99.53 and its two-hundred day moving average is $96.04. The firm has a market capitalization of $76.30 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.47 and a beta of 1.26.

CRH (NYSE:CRH) last announced 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). The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. As a group, research analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

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

Analyst Upgrades and Downgrades

CRH has been the subject of several analyst reports. Vertical Research raised CRH to a “strong-buy” rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a “neutral” rating on shares of CRH in a research report on Tuesday, May 6th. DA Davidson restated a “neutral” rating and set a $105.00 target price (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $112.00 price target (up previously from $108.00) on shares of CRH in a research note on Friday, August 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of CRH in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $114.64.

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.