Crh Plc (NYSE:CRH) Shares Sold by JCP Investment Management LLC

JCP Investment Management LLC lowered its position in Crh Plc (NYSE:CRH) by 29.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,079 shares of the construction company’s stock after selling 38,750 shares during the quarter. CRH makes up approximately 5.0% of JCP Investment Management LLC’s portfolio, making the stock its 11th biggest position. JCP Investment Management LLC’s holdings in CRH were worth $8,022,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new stake in CRH during the 4th quarter valued at approximately $28,000. Park Square Financial Group LLC purchased a new position in shares of CRH in the 4th quarter valued at approximately $32,000. Heck Capital Advisors LLC acquired a new position in shares of CRH in the fourth quarter valued at approximately $32,000. Colonial Trust Co SC purchased a new stake in shares of CRH during the fourth quarter worth approximately $37,000. Finally, GW&K Investment Management LLC lifted its holdings in shares of CRH by 86.7% during the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after purchasing an additional 208 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Down 0.1%

Shares of CRH stock opened at $95.31 on Friday. The company has a 50-day moving average of $93.24 and a two-hundred day moving average of $94.81. Crh Plc has a 12-month low of $74.03 and a 12-month high of $110.97. The stock has a market cap of $64.40 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

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 analysts’ consensus estimates of ($0.06) by ($0.06). The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. On average, sell-side analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal 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 paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 23rd. CRH’s payout ratio is 23.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CRH shares. The Goldman Sachs Group reissued a “neutral” rating on shares of CRH in a research note on Tuesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a report on Wednesday, May 7th. Royal Bank Of Canada cut their price target on shares of CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Sanford C. Bernstein assumed coverage on shares of CRH in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 price objective for the company. Finally, Loop Capital assumed coverage on CRH in a report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.82.

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.