D.A. Davidson & CO. Purchases 2,605 Shares of Crh Plc $CRH

D.A. Davidson & CO. increased its position in Crh Plc (NYSE:CRH) by 28.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,815 shares of the construction company’s stock after acquiring an additional 2,605 shares during the quarter. D.A. Davidson & CO.’s holdings in CRH were worth $1,085,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CRH. Vanguard Group Inc. boosted its position in shares of CRH by 62.8% in the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after acquiring an additional 24,591,538 shares during the period. Nuveen LLC bought a new position in shares of CRH in the first quarter valued at approximately $597,888,000. Massachusetts Financial Services Co. MA boosted its position in shares of CRH by 43.2% in the first 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CRH by 58,695.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after acquiring an additional 2,826,179 shares during the period. Finally, AGF Management Ltd. boosted its position in shares of CRH by 195.0% in the first quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company’s stock valued at $268,485,000 after acquiring an additional 2,017,484 shares during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

CRH stock opened at $120.95 on Tuesday. The company has a market capitalization of $81.36 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.32. Crh Plc has a one year low of $76.75 and a one year high of $121.99. The company’s 50 day moving average price is $114.95 and its two-hundred day moving average price is $101.70.

CRH (NYSE:CRH) last posted its quarterly 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 business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The company’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.88 earnings per share. On average, research analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. CRH’s dividend payout ratio (DPR) is 23.22%.

Analysts Set New Price Targets

A number of research firms have recently commented on CRH. Wells Fargo & Company upgraded shares of CRH to a “strong-buy” rating in a research report on Wednesday, October 8th. Truist Financial raised their target price on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Vertical Research raised shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Barclays raised their target price on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, JPMorgan Chase & Co. assumed coverage on shares of CRH in a research note on Friday. They issued an “overweight” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $127.71.

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.