Crh Plc $CRH Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC cut its stake in shares of Crh Plc (NYSE:CRH) by 61.1% during the second quarter, HoldingsChannel.com reports. The firm owned 12,226 shares of the construction company’s stock after selling 19,183 shares during the period. Moody Lynn & Lieberson LLC’s holdings in CRH were worth $1,122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRH. GW&K Investment Management LLC grew its position in CRH by 86.7% during the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after buying an additional 208 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of CRH during the 1st quarter worth approximately $47,000. Deseret Mutual Benefit Administrators grew its holdings in shares of CRH by 44.6% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company’s stock worth $64,000 after acquiring an additional 225 shares during the period. Bruce G. Allen Investments LLC increased its stake in CRH by 68.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 774 shares of the construction company’s stock valued at $68,000 after purchasing an additional 315 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in CRH during the first quarter worth $74,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE CRH opened at $113.64 on Monday. The company has a 50-day simple moving average of $108.19 and a 200-day simple moving average of $97.66. The company has a market cap of $76.44 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. Crh Plc has a 12 month low of $76.75 and a 12 month high of $116.36.

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

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a dividend of $0.37 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio is 23.22%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America assumed coverage on CRH in a report on Friday. They issued a “buy” rating and a $128.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of CRH in a report on Tuesday, August 26th. They set an “overweight” rating and a $130.00 target price for the company. Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. DA Davidson reiterated a “neutral” rating and issued a $105.00 price target (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Finally, Morgan Stanley reissued an “overweight” rating on shares of CRH in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $117.00.

CRH 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.