Greenleaf Trust Raises Stock Holdings in Crh Plc $CRH

Greenleaf Trust boosted its holdings in Crh Plc (NYSE:CRH) by 143.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,062 shares of the construction company’s stock after purchasing an additional 8,289 shares during the quarter. Greenleaf Trust’s holdings in CRH were worth $1,505,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new stake in shares of CRH during the fourth quarter worth $33,000. Meeder Asset Management Inc. increased its stake in CRH by 29,400.0% in the 4th 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. Elyxium Wealth LLC purchased a new position in CRH during the 4th quarter worth $37,000. 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 acquiring an additional 103 shares during the period. Finally, Riggs Asset Managment Co. Inc. lifted its stake in shares of CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after acquiring an additional 312 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Stephens decreased their price target on CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Jefferies Financial Group raised their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Finally, DA Davidson initiated coverage on shares of CRH in a report on Monday, August 24th. They issued 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 assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $140.57.

CRH Trading Down 1.4%

NYSE:CRH opened at $94.49 on Tuesday. The firm has a market cap of $62.86 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34. The company’s 50-day moving average is $101.25 and its two-hundred day moving average is $107.29. Crh Plc has a 12-month low of $92.52 and a 12-month high of $131.55.

CRH (NYSE:CRH) last released its earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.02 by $0.19. The firm had revenue of $10.78 billion during 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 period in the previous year, the company earned $1.94 EPS. On average, equities research analysts forecast that Crh Plc will post 5.8 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 14th. CRH’s dividend payout ratio is 27.51%.

About CRH

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.