Crh Plc $CRH Holdings Decreased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. cut its position in shares of Crh Plc (NYSE:CRH) by 50.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,000 shares of the construction company’s stock after selling 202,791 shares during the quarter. Jefferies Financial Group Inc.’s holdings in CRH were worth $16,560,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CRH. First Command Advisory Services Inc. grew its holdings in CRH by 140.5% during the 3rd quarter. First Command Advisory Services Inc. now owns 2,670 shares of the construction company’s stock worth $221,000 after acquiring an additional 1,560 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of CRH by 7.2% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 104,752 shares of the construction company’s stock valued at $8,673,000 after purchasing an additional 7,001 shares during the period. Keybank National Association OH lifted its stake in shares of CRH by 42.9% in the 3rd quarter. Keybank National Association OH now owns 8,414 shares of the construction company’s stock valued at $697,000 after purchasing an additional 2,526 shares during the period. Narwhal Capital Management boosted its position in shares of CRH by 0.3% during the 3rd quarter. Narwhal Capital Management now owns 50,879 shares of the construction company’s stock valued at $4,213,000 after purchasing an additional 130 shares in the last quarter. Finally, Gryphon Financial Partners LLC boosted its position in shares of CRH by 5.6% during the 3rd quarter. Gryphon Financial Partners LLC now owns 4,393 shares of the construction company’s stock valued at $364,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stephens raised their target price on CRH from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Deutsche Bank set a $118.00 price target on CRH in a report on Friday, October 9th. Morgan Stanley cut their price target on CRH from $139.00 to $129.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Royal Bank Of Canada reduced their price objective on shares of CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Finally, BNP Paribas Exane lowered their price objective on shares of CRH from $157.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, September 16th. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.97.

Insider Transactions at CRH

In other news, Director Siobhan Talbot purchased 2,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were acquired at an average price of $94.63 per share, for a total transaction of $189,260.00. Following the completion of the acquisition, the director owned 10,507 shares in the company, valued at approximately $994,277.41. The trade was a 23.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

CRH Trading Down 0.7%

Shares of NYSE CRH opened at $96.21 on Thursday. The firm has a market capitalization of $64.00 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.84 and a beta of 1.33. The firm’s 50-day moving average price is $87.36 and its 200-day moving average price is $103.16. Crh Plc has a 1-year low of $78.62 and a 1-year high of $131.55.

CRH (NYSE:CRH) last issued its earnings results on Thursday, October 29th. The construction company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.06 by $0.03. CRH had a return on equity of 15.03% and a net margin of 9.19%. The company had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.56 billion. During the same period last year, the business posted $2.21 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts forecast that Crh Plc will post 5.55 EPS for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 13th will be issued a $0.39 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.56 annualized dividend and a yield of 1.6%. CRH’s dividend payout ratio is presently 29.27%.

CRH Company Profile

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building. CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance. The company serves customers across North America and Europe through a network of local businesses and operations.