Crh Plc $CRH Stock: Crossmark Global Holdings Inc. Grows Stake

Crossmark Global Holdings Inc. grew its stake in shares of Crh Plc (NYSE:CRH) by 781.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,948 shares of the construction company’s stock after purchasing an additional 108,993 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CRH were worth $10,180,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Physician Wealth Advisors Inc. boosted its position in CRH by 42.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 582 shares of the construction company’s stock valued at $48,000 after buying an additional 173 shares during the period. Nisa Investment Advisors LLC grew its stake in CRH by 28.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 22,957 shares of the construction company’s stock worth $1,901,000 after acquiring an additional 5,059 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in CRH by 164.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 52,016 shares of the construction company’s stock worth $4,307,000 after acquiring an additional 32,319 shares in the last quarter. Net Worth Advisory Group grew its stake in CRH by 24.2% in the 3rd quarter. Net Worth Advisory Group now owns 3,273 shares of the construction company’s stock worth $267,000 after acquiring an additional 638 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of CRH by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 96,458 shares of the construction company’s stock worth $7,987,000 after acquiring an additional 995 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Truist Financial decreased their price target on shares of CRH from $130.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Wells Fargo & Company lowered their price target on CRH from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Monday, October 5th. UBS Group dropped their price objective on CRH from $147.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft set a $118.00 price objective on CRH in a report on Friday, October 9th. Finally, Royal Bank Of Canada decreased their target price on CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, CRH has an average rating of “Buy” and an average target price of $126.50.

CRH Price Performance

NYSE:CRH opened at $86.45 on Friday. Crh Plc has a 1-year low of $78.62 and a 1-year high of $131.55. The company has a 50-day moving average of $88.09 and a 200 day moving average of $100.40. The firm has a market cap of $57.51 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31.

CRH (NYSE:CRH) last posted its earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. CRH had a net margin of 9.93% and a return on equity of 15.76%. The business had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts anticipate that Crh Plc will post 5.83 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.8%. CRH’s dividend payout ratio (DPR) is currently 27.51%.

CRH Company Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.