Janney Montgomery Scott LLC Has $4.44 Million Stock Position in Crh Plc $CRH

Janney Montgomery Scott LLC reduced its position in shares of Crh Plc (NYSE:CRH) by 7.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,379 shares of the construction company’s stock after selling 3,759 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CRH were worth $4,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Pallas Capital Advisors LLC raised its stake in shares of CRH by 222.3% during the first quarter. Pallas Capital Advisors LLC now owns 8,587 shares of the construction company’s stock worth $755,000 after buying an additional 5,923 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in CRH by 1.7% in the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company’s stock valued at $721,000 after buying an additional 139 shares during the period. GAMMA Investing LLC raised its position in shares of CRH by 27.4% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock valued at $169,000 after acquiring an additional 413 shares during the last quarter. Manitou Investment Management Ltd. raised its position in shares of CRH by 22.3% during the 1st quarter. Manitou Investment Management Ltd. now owns 13,704 shares of the construction company’s stock valued at $1,206,000 after acquiring an additional 2,501 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of CRH during the 1st quarter valued at $5,617,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $116.17 on Wednesday. The company has a market capitalization of $78.14 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 1.57 and a beta of 1.32. The company’s 50 day moving average price is $111.19 and its two-hundred day moving average price is $98.71. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.88.

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

CRH Announces Dividend

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

Analysts Set New Price Targets

CRH has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a research report on Saturday, September 27th. Vertical Research upgraded CRH to a “strong-buy” rating in a report on Friday, August 1st. UBS Group set a $152.00 price target on shares of CRH in a research report on Wednesday, October 1st. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a research report on Tuesday, September 2nd. Finally, Sanford C. Bernstein increased their price target 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. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, CRH currently has a consensus rating of “Buy” and a consensus price target of $125.07.

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.