Public Employees Retirement System of Ohio Takes $31.48 Million Position in Crh Plc $CRH

Public Employees Retirement System of Ohio acquired a new position in Crh Plc (NYSE:CRH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 294,254 shares of the construction company’s stock, valued at approximately $31,485,000.

A number of other hedge funds also recently bought and sold shares of CRH. Riggs Asset Managment Co. Inc. boosted its position in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in shares of CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of CRH in the 4th quarter worth approximately $33,000. Elyxium Wealth LLC purchased a new position in shares of CRH in the fourth quarter worth approximately $37,000. Finally, Meeder Asset Management Inc. grew its position in CRH by 29,400.0% during the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after buying an additional 294 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $95.84 on Friday. The company has a 50 day simple moving average of $101.59 and a two-hundred day simple moving average of $107.66. The firm has a market cap of $63.76 billion, a P/E ratio of 16.90, a PEG ratio of 1.76 and a beta of 1.34. Crh Plc has a 1-year low of $92.52 and a 1-year high of $131.55.

CRH (NYSE:CRH) last released its earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. The company had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. CRH’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 EPS. Equities analysts anticipate that Crh Plc will post 5.8 earnings per share for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. CRH’s dividend payout ratio (DPR) is currently 27.51%.

Analyst Ratings Changes

Several research analysts have weighed in on CRH shares. Weiss Ratings upgraded shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Wells Fargo & Company reduced their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Truist Financial lowered their target price on CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, DA Davidson initiated coverage on CRH in a report on Monday. They set a “buy” rating and a $137.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, CRH has a consensus rating of “Buy” and a consensus price target of $140.57.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.