Focus Partners Advisor Solutions LLC Invests $388,000 in Crh Plc $CRH

Focus Partners Advisor Solutions LLC bought a new stake in Crh Plc (NYSE:CRH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,235 shares of the construction company’s stock, valued at approximately $388,000.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of CRH by 62.8% in the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after acquiring an additional 24,591,538 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of CRH by 43.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock worth $906,424,000 after buying an additional 3,108,416 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of CRH by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 8,830,489 shares of the construction company’s stock worth $776,818,000 after buying an additional 221,038 shares during the period. Boston Partners boosted its stake in shares of CRH by 5.9% during the first quarter. Boston Partners now owns 8,822,801 shares of the construction company’s stock worth $775,349,000 after buying an additional 493,796 shares during the period. Finally, Amundi boosted its stake in shares of CRH by 11.8% during the first quarter. Amundi now owns 7,979,264 shares of the construction company’s stock worth $689,009,000 after buying an additional 843,806 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRH has been the subject of several recent research reports. Truist Financial increased their target price on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Vertical Research raised shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Sanford C. Bernstein boosted their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Royal Bank Of Canada boosted their price objective on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $127.71.

CRH Trading Down 1.0%

Shares of CRH stock opened at $117.32 on Friday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.99. The stock has a market cap of $78.91 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The company has a 50-day moving average of $115.39 and a two-hundred day moving average of $102.30.

CRH (NYSE:CRH) last issued its earnings results 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 net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.27 billion. During the same period last year, the business posted $1.88 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

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

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.