Cox Capital Mgt LLC Sells 1,064 Shares of Crh Plc $CRH

Cox Capital Mgt LLC trimmed its stake in shares of Crh Plc (NYSE:CRH) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,814 shares of the construction company’s stock after selling 1,064 shares during the quarter. CRH comprises approximately 1.6% of Cox Capital Mgt LLC’s investment portfolio, making the stock its 25th biggest position. Cox Capital Mgt LLC’s holdings in CRH were worth $2,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of CRH during the 4th quarter worth 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 acquiring an additional 208 shares during the period. Ransom Advisory Ltd bought a new stake in shares of CRH during the first quarter worth approximately $47,000. Deseret Mutual Benefit Administrators boosted its holdings in shares of CRH by 44.6% during the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company’s stock worth $64,000 after acquiring an additional 225 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its stake in CRH by 68.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 774 shares of the construction company’s stock valued at $68,000 after purchasing an additional 315 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of CRH in a research note on Tuesday, September 2nd. Vertical Research raised shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Sanford C. Bernstein boosted their target price on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. DA Davidson reissued a “neutral” rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. started coverage on shares of CRH in a report on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and an average target price of $116.00.

CRH Trading Down 0.7%

Shares of CRH stock opened at $111.77 on Friday. The company has a 50 day moving average of $107.80 and a 200-day moving average of $97.52. Crh Plc has a 1-year low of $76.75 and a 1-year high of $116.36. The company has a market cap of $75.18 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31.

CRH (NYSE:CRH) last released its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a return on equity of 15.68% and a net margin of 9.09%.The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter in the previous year, the company earned $1.88 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 22nd. CRH’s dividend payout ratio is currently 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.