LRI Investments LLC Boosts Holdings in Crh Plc $CRH

LRI Investments LLC lifted its stake in Crh Plc (NYSE:CRH) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,669 shares of the construction company’s stock after purchasing an additional 140 shares during the quarter. LRI Investments LLC’s holdings in CRH were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Ninety One UK Ltd increased its holdings in CRH by 13.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock worth $288,572,000 after buying an additional 364,319 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of CRH during the 1st quarter valued at about $744,000. Hsbc Holdings PLC grew its stake in shares of CRH by 100.2% during the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock valued at $39,318,000 after acquiring an additional 226,602 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of CRH by 43.2% during 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 acquiring an additional 3,108,416 shares during the period. Finally, GAMMA Investing LLC grew its stake 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 period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE:CRH opened at $116.21 on Monday. The business’s 50 day moving average price is $112.47 and its 200-day moving average price is $99.18. The firm has a market capitalization of $78.17 billion, a PE ratio of 24.31, a P/E/G ratio of 1.64 and a beta of 1.32. Crh Plc has a 1 year low of $76.75 and a 1 year high of $121.88.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). The firm had revenue of $10.21 billion during 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 revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 earnings per share. 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 $0.37 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. CRH’s payout ratio is currently 23.22%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRH. Wells Fargo & Company raised CRH to a “strong-buy” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a research report on Wednesday, October 8th. Morgan Stanley set a $134.00 price objective on CRH in a research note on Thursday. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, UBS Group set a $152.00 price objective on CRH in a research note on Wednesday, October 1st. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, CRH has an average rating of “Buy” and an average price target of $127.21.

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.