Crh Plc $CRH Shares Sold by Voss Capital LP

Voss Capital LP trimmed its position in Crh Plc (NYSE:CRH) by 8.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 929,015 shares of the construction company’s stock after selling 90,985 shares during the period. CRH makes up about 6.3% of Voss Capital LP’s portfolio, making the stock its 7th largest holding. Voss Capital LP owned 0.14% of CRH worth $81,725,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in CRH in the fourth quarter worth approximately $28,000. Heck Capital Advisors LLC bought a new position in shares of CRH in the fourth quarter valued at $32,000. Park Square Financial Group LLC bought a new position in shares of CRH in the fourth quarter valued at $32,000. Colonial Trust Co SC bought a new position in shares of CRH in the fourth quarter valued at $37,000. Finally, GW&K Investment Management LLC increased its holdings in shares of CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after buying an additional 208 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Up 0.7%

Shares of NYSE:CRH opened at $111.61 on Tuesday. The company’s fifty day moving average is $96.50 and its two-hundred day moving average is $95.41. Crh Plc has a 12-month low of $76.75 and a 12-month high of $113.95. The company has a market cap of $75.08 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 1.42 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 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 firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same period last year, the firm earned $1.88 earnings per share. CRH’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 Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on CRH. Sanford C. Bernstein began coverage on CRH in a report on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 price target on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of CRH in a report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 price target (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a report on Friday, August 8th. Finally, Vertical Research raised CRH to a “strong-buy” rating in a report on Friday, August 1st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and an average price target 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.