Dynamic Advisor Solutions LLC Increases Position in Crh Plc (NYSE:CRH)

Dynamic Advisor Solutions LLC lifted its holdings in Crh Plc (NYSE:CRH) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,387 shares of the construction company’s stock after buying an additional 141 shares during the period. Dynamic Advisor Solutions LLC’s holdings in CRH were worth $914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of CRH in the 4th quarter worth approximately $28,000. Park Square Financial Group LLC bought a new stake in shares of CRH in the 4th quarter worth approximately $32,000. Heck Capital Advisors LLC bought a new stake in shares of CRH in the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. raised its holdings in shares of CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock worth $33,000 after purchasing an additional 240 shares during the period. Finally, Colonial Trust Co SC bought a new stake in shares of CRH in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Sanford C. Bernstein started coverage on shares of CRH in a report on Tuesday, May 13th. They set an “outperform” rating and a $115.00 target price on the stock. Loop Capital started coverage on shares of CRH in a report on Wednesday, April 9th. They set a “buy” rating and a $114.00 target price on the stock. Finally, Royal Bank Of Canada lowered their target price on shares of CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $112.58.

CRH Stock Performance

CRH stock opened at $89.88 on Wednesday. The stock has a market cap of $60.72 billion, a P/E ratio of 19.04, a PEG ratio of 1.38 and a beta of 1.28. Crh Plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The firm’s fifty day moving average price is $92.13 and its 200-day moving average price is $95.24.

CRH (NYSE:CRH) last released its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 15.88% and a net margin of 9.17%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. Sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 annualized dividend and a yield of 1.65%. CRH’s dividend payout ratio (DPR) is presently 23.52%.

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.