Wedmont Private Capital Acquires Shares of 2,345 Crh Plc $CRH

Wedmont Private Capital purchased a new position in shares of Crh Plc (NYSE:CRH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,345 shares of the construction company’s stock, valued at approximately $226,000.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CRH by 10.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,815 shares of the construction company’s stock valued at $445,000 after purchasing an additional 441 shares during the last quarter. Armis Advisers LLC purchased a new stake in shares of CRH in the fourth quarter valued at $233,000. Heck Capital Advisors LLC purchased a new stake in shares of CRH in the fourth quarter valued at $32,000. Capital A Wealth Management LLC purchased a new stake in shares of CRH in the fourth quarter valued at $345,000. Finally, Jefferies Financial Group Inc. lifted its position in shares of CRH by 70.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 61,078 shares of the construction company’s stock valued at $5,654,000 after acquiring an additional 25,278 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. started coverage on CRH in a research report on Tuesday, August 26th. They set an “overweight” rating and a $130.00 target price on the stock. Sanford C. Bernstein increased their target price on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Royal Bank Of Canada restated an “outperform” rating and set a $112.00 price objective (up previously from $108.00) on shares of CRH in a research note on Friday, August 8th. DA Davidson restated a “neutral” rating and set a $105.00 price objective (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a report on Tuesday, September 2nd. Two 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 company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $116.00.

CRH Stock Up 0.5%

Shares of NYSE CRH opened at $113.05 on Monday. The stock has a market capitalization of $76.04 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.47 and a beta of 1.31. The stock’s fifty day simple moving average is $106.24 and its 200 day simple moving average is $97.05. Crh Plc has a 52-week low of $76.75 and a 52-week high of $114.83.

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

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. 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.