DHK Financial Advisors Inc. Purchases 667 Shares of CRH plc (NYSE:CRH)

DHK Financial Advisors Inc. lifted its position in shares of CRH plc (NYSE:CRH) by 13.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,474 shares of the construction company’s stock after purchasing an additional 667 shares during the quarter. DHK Financial Advisors Inc.’s holdings in CRH were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRH. Lmcg Investments LLC boosted its position in shares of CRH by 33.9% in the 1st quarter. Lmcg Investments LLC now owns 50,781 shares of the construction company’s stock worth $4,467,000 after purchasing an additional 12,844 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in CRH by 981.8% in the first quarter. Whipplewood Advisors LLC now owns 4,403 shares of the construction company’s stock worth $387,000 after acquiring an additional 3,996 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of CRH by 32.7% in the first quarter. Merit Financial Group LLC now owns 30,867 shares of the construction company’s stock worth $2,715,000 after acquiring an additional 7,614 shares during the last quarter. Gradient Investments LLC grew its stake in shares of CRH by 2.8% in the first quarter. Gradient Investments LLC now owns 5,175 shares of the construction company’s stock worth $455,000 after acquiring an additional 143 shares during the last quarter. Finally, Cox Capital Mgt LLC increased its holdings in shares of CRH by 44.6% during the first quarter. Cox Capital Mgt LLC now owns 25,878 shares of the construction company’s stock valued at $2,276,000 after acquiring an additional 7,986 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

CRH stock opened at $92.53 on Friday. The company has a market cap of $62.52 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.15 and a beta of 1.28. The business’s 50-day moving average is $91.09 and its two-hundred day moving average is $95.79. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH (NYSE:CRH) last released its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a net margin of 9.86% and a return on equity of 16.35%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. Equities analysts predict that CRH plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.60%. CRH’s dividend payout ratio is presently 23.52%.

Analyst Ratings Changes

CRH has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price target on shares of CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. cut their price target on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Morgan Stanley restated an “overweight” rating on shares of CRH in a report on Wednesday, May 7th. Berenberg Bank set a $120.00 target price on CRH in a research note on Friday, February 28th. Finally, Loop Capital assumed coverage on CRH in a research note on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price target for the company. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CRH has an average rating of “Buy” and a consensus price target of $112.58.

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.