Crh Plc $CRH Stock Position Increased by Raiffeisen Bank International AG

Raiffeisen Bank International AG raised its position in shares of Crh Plc (NYSE:CRH) by 9.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,985 shares of the construction company’s stock after purchasing an additional 10,446 shares during the period. Raiffeisen Bank International AG’s holdings in CRH were worth $12,954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in shares of CRH by 4.1% during the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock worth $245,460,000 after buying an additional 93,106 shares during the period. Handelsbanken Fonder AB boosted its position in CRH by 13.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 332,198 shares of the construction company’s stock worth $35,545,000 after acquiring an additional 38,141 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in shares of CRH in the second quarter worth $2,229,000. Mirabaud Asset Management Ltd increased its holdings in shares of CRH by 38.2% during the fourth quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock valued at $12,235,000 after purchasing an additional 27,118 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in CRH by 16.5% in the first quarter. Quantinno Capital Management LP now owns 223,644 shares of the construction company’s stock worth $23,507,000 after purchasing an additional 31,603 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 0.6%

Shares of NYSE:CRH opened at $92.12 on Friday. Crh Plc has a 1 year low of $90.21 and a 1 year high of $131.55. The firm has a fifty day moving average price of $100.06 and a 200 day moving average price of $106.58. The stock has a market capitalization of $61.29 billion, a PE ratio of 16.25, a P/E/G ratio of 1.68 and a beta of 1.33.

CRH (NYSE:CRH) last announced its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. The company had revenue of $10.78 billion during the quarter, compared to analysts’ expectations of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 earnings per share. On average, sell-side analysts forecast that Crh Plc will post 5.9 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be given 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 1.7%. CRH’s dividend payout ratio is presently 27.51%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CRH shares. DA Davidson assumed coverage on CRH in a report on Monday, August 24th. They issued a “buy” rating and a $137.00 price objective for the company. Jefferies Financial Group increased their price objective on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Stephens decreased their target price on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Weiss Ratings upgraded CRH from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Finally, 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 report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.