United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 1,700 Shares of Crh Plc (NYSE:CRH)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund cut its holdings in shares of Crh Plc (NYSE:CRH) by 18.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,300 shares of the construction company’s stock after selling 1,700 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in CRH were worth $642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRH. Orion Capital Management LLC acquired a new position in CRH during the 4th quarter worth $28,000. Heck Capital Advisors LLC acquired a new position in CRH during the 4th quarter valued at about $32,000. Park Square Financial Group LLC bought a new position in CRH in the fourth quarter valued at approximately $32,000. Colonial Trust Co SC acquired a new stake in CRH during the 4th quarter worth $37,000. Finally, GW&K Investment Management LLC raised its position in shares of CRH by 86.7% during the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after acquiring an additional 208 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

NYSE CRH opened at $95.31 on Friday. The stock has a market cap of $64.40 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.23 and a beta of 1.26. The business has a 50 day simple moving average of $93.24 and a 200 day simple moving average of $94.82. Crh Plc has a 52-week low of $74.03 and a 52-week high of $110.97.

CRH (NYSE:CRH) last issued its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) 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 company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. On average, analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, May 23rd. CRH’s payout ratio is 23.52%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Loop Capital began coverage on CRH in a research report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price target on the stock. Royal Bank Of Canada reduced their target price on CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a research note on Wednesday, May 7th. Sanford C. Bernstein assumed coverage on shares of CRH in a research note on Tuesday, May 13th. They set an “outperform” rating and a $115.00 price objective on the stock. Finally, DA Davidson restated a “neutral” rating and set a $105.00 price objective (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $112.82.

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.