Intech Investment Management LLC Sells 3,587 Shares of Crh Plc $CRH

Intech Investment Management LLC lowered its stake in Crh Plc (NYSE:CRH) by 7.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,342 shares of the construction company’s stock after selling 3,587 shares during the period. Intech Investment Management LLC’s holdings in CRH were worth $3,813,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Orion Capital Management LLC bought a new stake in CRH during the 4th quarter valued at $28,000. Heck Capital Advisors LLC purchased a new position in shares of CRH in the fourth quarter valued at about $32,000. Park Square Financial Group LLC bought a new position in shares of CRH during the fourth quarter valued at about $32,000. GW&K Investment Management LLC boosted 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. Finally, Ransom Advisory Ltd bought a new stake in shares of CRH in the first quarter worth about $47,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 0.9%

Shares of CRH stock opened at $113.44 on Friday. The business’s fifty day moving average is $104.52 and its 200 day moving average is $96.65. The stock has a market cap of $76.31 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.49 and a beta of 1.31. Crh Plc has a twelve month low of $76.75 and a twelve month high of $114.83.

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

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH’s payout ratio is currently 23.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CRH shares. Vertical Research raised CRH to a “strong-buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. started coverage on CRH in a research report on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 price objective on the stock. Sanford C. Bernstein upped their target price on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 price objective (up from $108.00) on shares of CRH in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $116.00.

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.