Crh Plc $CRH Shares Bought by Groupe la Francaise

Groupe la Francaise boosted its holdings in shares of Crh Plc (NYSE:CRH) by 23.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 829,603 shares of the construction company’s stock after purchasing an additional 158,242 shares during the quarter. CRH makes up 1.0% of Groupe la Francaise’s holdings, making the stock its 20th largest position. Groupe la Francaise’s holdings in CRH were worth $86,642,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CRH. Waddell & Associates LLC increased its position in shares of CRH by 3.8% in the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock valued at $294,000 after buying an additional 87 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of CRH by 6.1% during the 4th quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company’s stock valued at $222,000 after buying an additional 102 shares in the last quarter. Bell Investment Advisors Inc lifted its position in shares of CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after buying an additional 103 shares in the last quarter. Acorn Wealth Advisors LLC grew its stake in CRH by 4.3% in the 2nd quarter. Acorn Wealth Advisors LLC now owns 2,658 shares of the construction company’s stock valued at $284,000 after acquiring an additional 109 shares during the period. Finally, Optas LLC grew its stake in CRH by 4.5% in the 1st quarter. Optas LLC now owns 2,695 shares of the construction company’s stock valued at $283,000 after acquiring an additional 117 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of CRH stock opened at $94.19 on Monday. Crh Plc has a fifty-two week low of $90.21 and a fifty-two week high of $131.55. The stock’s fifty day moving average is $99.69 and its two-hundred day moving average is $106.35. The firm has a market capitalization of $62.66 billion, a P/E ratio of 16.61, a PEG ratio of 1.71 and a beta of 1.33.

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

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be paid a $0.39 dividend. 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 (DPR) is 27.51%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRH. Jefferies Financial Group upped their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein reiterated 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. Stephens reduced their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Truist Financial decreased their price target on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. Based on data from MarketBeat, CRH presently has an average 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.