Park Place Capital Corp Grows Stock Position in Crh Plc $CRH

Park Place Capital Corp boosted its stake in shares of Crh Plc (NYSE:CRH) by 59.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 307 shares of the construction company’s stock after buying an additional 115 shares during the period. Park Place Capital Corp’s holdings in CRH were worth $29,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CRH. Wealth Enhancement Advisory Services LLC raised its holdings in CRH by 86.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,894 shares of the construction company’s stock valued at $1,563,000 after buying an additional 7,813 shares during the period. GAMMA Investing LLC raised its holdings in CRH by 11,109.4% during the 1st quarter. GAMMA Investing LLC now owns 168,814 shares of the construction company’s stock valued at $14,851,000 after buying an additional 167,308 shares during the period. Merit Financial Group LLC increased its stake in CRH by 32.7% in the first quarter. Merit Financial Group LLC now owns 30,867 shares of the construction company’s stock worth $2,715,000 after purchasing an additional 7,614 shares during the period. Lmcg Investments LLC increased its stake in CRH by 33.9% in the first quarter. Lmcg Investments LLC now owns 50,781 shares of the construction company’s stock worth $4,467,000 after purchasing an additional 12,844 shares during the period. Finally, DHK Financial Advisors Inc. increased its stake in CRH by 13.9% in the first quarter. DHK Financial Advisors Inc. now owns 5,474 shares of the construction company’s stock worth $484,000 after purchasing an additional 667 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on CRH in a research note on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 target price on the stock. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a research note on Monday, September 22nd. UBS Group set a $152.00 target price on CRH in a research note on Wednesday. Royal Bank Of Canada increased their target price on CRH from $112.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Bank of America initiated coverage on CRH in a research note on Friday, September 26th. They issued a “buy” rating and a $128.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus target price of $122.77.

CRH Trading Down 0.0%

CRH opened at $119.85 on Thursday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.88. The business’s fifty day simple moving average is $109.54 and its 200-day simple moving average is $98.09. The company has a market capitalization of $80.62 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.74 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly 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 the consensus estimate of $10.27 billion. During the same period in the previous year, the company posted $1.88 EPS. CRH’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. CRH’s dividend payout ratio (DPR) is presently 23.22%.

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.