10,545 Shares in Crh Plc $CRH Acquired by Applied Capital LLC FL

Applied Capital LLC FL bought a new stake in Crh Plc (NYSE:CRH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,545 shares of the construction company’s stock, valued at approximately $1,316,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after purchasing an additional 5,316 shares during the period. Empowered Funds LLC increased its stake in CRH by 5.3% during the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after buying an additional 658 shares during the period. Sivia Capital Partners LLC raised its position in shares of CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after buying an additional 1,579 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of CRH by 90.5% in the 2nd quarter. Lido Advisors LLC now owns 6,040 shares of the construction company’s stock worth $555,000 after acquiring an additional 2,870 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of CRH by 0.4% in the 2nd quarter. M&T Bank Corp now owns 41,779 shares of the construction company’s stock worth $3,835,000 after acquiring an additional 148 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE:CRH opened at $106.20 on Thursday. The stock has a market capitalization of $70.97 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.84 and a beta of 1.35. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55. The company has a 50 day moving average price of $115.30 and a 200 day moving average price of $118.05.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The business had revenue of $9.42 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the firm posted $1.02 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.39 per share. This is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. CRH’s dividend payout ratio (DPR) is currently 28.26%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Morgan Stanley lifted their price target on CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Finally, UBS Group upped their price objective on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.86.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.