Ieq Capital LLC Has $6.43 Million Holdings in Crh Plc $CRH

Ieq Capital LLC raised its position in Crh Plc (NYSE:CRH) by 21.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 73,102 shares of the construction company’s stock after acquiring an additional 12,962 shares during the period. Ieq Capital LLC’s holdings in CRH were worth $6,431,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in CRH in the first quarter valued at approximately $744,000. Massachusetts Financial Services Co. MA grew its stake in CRH by 43.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after acquiring an additional 3,108,416 shares during the period. GAMMA Investing LLC grew its stake in CRH by 27.4% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock valued at $169,000 after acquiring an additional 413 shares during the period. National Pension Service grew its stake in CRH by 8.6% in the first quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock valued at $189,492,000 after acquiring an additional 170,702 shares during the period. Finally, Jupiter Asset Management Ltd. grew its stake in CRH by 211.3% in the first quarter. Jupiter Asset Management Ltd. now owns 1,411,543 shares of the construction company’s stock valued at $123,601,000 after acquiring an additional 958,061 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on CRH in a report on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 target price on the stock. Morgan Stanley restated an “overweight” rating on shares of CRH in a report on Friday, August 8th. Vertical Research upgraded CRH to a “strong-buy” rating in a report on Friday, August 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 target price (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. Finally, DA Davidson restated a “neutral” rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $114.64.

CRH Trading Down 0.0%

Shares of CRH stock opened at $113.23 on Friday. The business’s fifty day simple moving average is $100.01 and its 200 day simple moving average is $96.11. The firm has a market capitalization of $76.17 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Crh Plc has a 12 month low of $76.75 and a 12 month high of $114.40.

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

CRH Dividend Announcement

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

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.