Brucke Financial Inc. Increases Stock Position in Crh Plc $CRH

Brucke Financial Inc. lifted its holdings in shares of Crh Plc (NYSE:CRH) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,105 shares of the construction company’s stock after acquiring an additional 462 shares during the period. Brucke Financial Inc.’s holdings in CRH were worth $652,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Park Place Capital Corp grew its position in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after acquiring an additional 115 shares during the last quarter. GW&K Investment Management LLC grew its position in shares of 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 acquiring an additional 208 shares during the last quarter. Ransom Advisory Ltd purchased a new position in shares of CRH during the first quarter worth approximately $47,000. Deseret Mutual Benefit Administrators grew its position in shares of CRH by 44.6% during the first 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 last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of CRH during the first quarter worth approximately $74,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CRH shares. Wells Fargo & Company upgraded shares of CRH to a “strong-buy” rating in a research report on Wednesday. DA Davidson reiterated a “neutral” rating and issued a $105.00 price objective (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Bank of America started coverage on shares of CRH in a research report on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, Truist Financial lifted their price objective on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $127.21.

CRH Stock Performance

CRH stock opened at $116.21 on Friday. Crh Plc has a one year low of $76.75 and a one year high of $121.88. The business has a fifty day moving average of $112.47 and a two-hundred day moving average of $99.10. The company has a market cap of $78.17 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32.

CRH (NYSE:CRH) last released its earnings results on Wednesday, August 6th. The construction company reported $1.94 EPS 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 business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same period last year, the business posted $1.88 EPS. CRH’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

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