Crh Plc $CRH Stock Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its stake in Crh Plc (NYSE:CRH) by 48.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,574 shares of the construction company’s stock after selling 10,782 shares during the quarter. King Luther Capital Management Corp’s holdings in CRH were worth $958,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Amundi lifted its stake in shares of CRH by 74.7% during the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after purchasing an additional 2,550,178 shares during the last quarter. Hsbc Holdings PLC boosted its position in CRH by 441.4% during the first quarter. Hsbc Holdings PLC now owns 1,468,493 shares of the construction company’s stock valued at $154,218,000 after purchasing an additional 1,197,255 shares in the last quarter. Renaissance Technologies LLC bought a new stake in CRH during the first quarter valued at about $79,124,000. Janus Henderson Group PLC grew its stake in CRH by 27.9% in the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after purchasing an additional 477,242 shares during the last quarter. Finally, Engineers Gate Manager LP grew its stake in CRH by 1,838.4% in the second quarter. Engineers Gate Manager LP now owns 461,503 shares of the construction company’s stock valued at $49,381,000 after purchasing an additional 437,694 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson reduced their target price on shares of CRH from $117.00 to $114.00 and set a “buy” rating for the company in a report on Monday, November 2nd. UBS Group restated a “buy” rating on shares of CRH in a report on Monday, November 2nd. Wells Fargo & Company lifted their price objective on shares of CRH from $100.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Truist Financial lifted their price objective on shares of CRH from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Finally, Barclays reduced their price objective on shares of CRH from $131.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average price target of $125.97.

CRH Stock Down 0.8%

Shares of CRH stock traded down $0.73 during trading on Friday, reaching $93.19. The company’s stock had a trading volume of 3,542,647 shares, compared to its average volume of 5,688,084. The company has a market cap of $61.99 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.79 and a beta of 1.33. Crh Plc has a 1-year low of $78.62 and a 1-year high of $131.55. The company has a 50-day simple moving average of $87.40 and a two-hundred day simple moving average of $102.87.

CRH (NYSE:CRH) last announced its earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.03. CRH had a return on equity of 15.03% and a net margin of 9.19%. The firm had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.56 billion. During the same period in the previous year, the business earned $2.21 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts anticipate that Crh Plc will post 5.55 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 13th. CRH’s dividend payout ratio (DPR) is currently 29.27%.

Insiders Place Their Bets

In other CRH news, Director Siobhan Talbot purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were acquired at an average price of $94.63 per share, for a total transaction of $189,260.00. Following the completion of the purchase, the director owned 10,507 shares of the company’s stock, valued at approximately $994,277.41. The trade was a 23.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

CRH Profile

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building. CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance. The company serves customers across North America and Europe through a network of local businesses and operations.