Crh Plc $CRH Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. cut its stake in shares of Crh Plc (NYSE:CRH) by 82.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,808 shares of the construction company’s stock after selling 64,129 shares during the quarter. Graham Capital Management L.P.’s holdings in CRH were worth $1,215,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in CRH in the fourth quarter valued at $28,000. Heck Capital Advisors LLC acquired a new stake in CRH in the fourth quarter valued at $32,000. Park Square Financial Group LLC acquired a new stake in CRH in the fourth quarter valued at $32,000. Colonial Trust Co SC acquired a new stake in CRH in the fourth quarter valued at $37,000. Finally, GW&K Investment Management LLC lifted its holdings in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after acquiring an additional 208 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on CRH shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $112.00 target price (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. DA Davidson reissued a “neutral” rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Morgan Stanley reissued an “overweight” rating on shares of CRH in a report on Friday, August 8th. Vertical Research raised CRH to a “strong-buy” rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. started coverage on CRH in a report on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $114.64.

CRH Stock Up 0.5%

Shares of CRH stock opened at $111.78 on Thursday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $114.40. The stock has a market cap of $75.19 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.45 and a beta of 1.31. The business has a fifty day simple moving average of $101.82 and a 200-day simple moving average of $96.30.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.27 billion. During the same quarter in the prior year, the business earned $1.88 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd will be given a $0.37 dividend. The ex-dividend date is 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 currently 23.22%.

CRH Company 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.