Maryland State Retirement & Pension System Has $3.03 Million Stock Holdings in Crh Plc $CRH

Maryland State Retirement & Pension System boosted its stake in Crh Plc (NYSE:CRH) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,964 shares of the construction company’s stock after purchasing an additional 844 shares during the quarter. Maryland State Retirement & Pension System’s holdings in CRH were worth $3,026,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Park Place Capital Corp lifted its stake in shares of CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after buying an additional 115 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in shares of CRH by 5.0% in the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after buying an additional 123 shares in the last quarter. Callan Family Office LLC lifted its stake in shares of CRH by 4.4% in the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after buying an additional 129 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of CRH by 1.7% in the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company’s stock valued at $721,000 after buying an additional 139 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of CRH by 0.9% in the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company’s stock valued at $1,342,000 after buying an additional 140 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Performance

NYSE CRH opened at $116.21 on Friday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.88. The company has a 50-day simple moving average of $112.47 and a 200 day simple moving average of $99.10. The company has a market capitalization of $78.17 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32.

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

CRH Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on CRH. DA Davidson reaffirmed a “neutral” rating and issued a $105.00 price objective (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. JPMorgan Chase & Co. started coverage on shares of CRH in a research report on Tuesday, August 26th. They set an “overweight” rating and a $130.00 price target on the stock. UBS Group set a $152.00 price target on shares of CRH in a research report on Wednesday, October 1st. Truist Financial raised their price target 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. Finally, Bank of America started coverage on shares of CRH in a research report on Friday, September 26th. They set a “buy” rating and a $128.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $127.21.

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.