GAMMA Investing LLC Sells 371 Shares of Crh Plc $CRH

GAMMA Investing LLC lessened its stake in Crh Plc (NYSE:CRH) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,548 shares of the construction company’s stock after selling 371 shares during the quarter. GAMMA Investing LLC’s holdings in CRH were worth $142,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of CRH in the 1st quarter valued at approximately $744,000. Hsbc Holdings PLC boosted its holdings in shares of CRH by 100.2% in the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock valued at $39,318,000 after buying an additional 226,602 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of CRH by 43.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after buying an additional 3,108,416 shares during the last quarter. National Pension Service boosted its holdings in shares of CRH by 8.6% in the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock valued at $189,492,000 after buying an additional 170,702 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of CRH in the 1st quarter valued at approximately $249,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CRH shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $112.00 price objective (up previously from $108.00) on shares of CRH in a research report on Friday, August 8th. Vertical Research upgraded CRH to a “strong-buy” rating in a research report on Friday, August 1st. Morgan Stanley restated an “overweight” rating on shares of CRH in a research report on Tuesday, September 2nd. Bank of America started coverage on CRH in a research report on Friday. They issued a “buy” rating and a $128.00 price target on the stock. Finally, 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 target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $117.00.

CRH Stock Up 0.7%

CRH stock opened at $114.48 on Tuesday. The business’s 50-day moving average price is $108.60 and its two-hundred day moving average price is $97.79. Crh Plc has a 12-month low of $76.75 and a 12-month high of $116.36. The stock has a market cap of $77.01 billion, a PE ratio of 23.95, a P/E/G ratio of 1.47 and a beta of 1.31.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 EPS 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 firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same period in the previous year, the business posted $1.88 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 22nd. CRH’s dividend payout ratio (DPR) is presently 23.22%.

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.