Crh Plc $CRH Shares Bought by R Squared Ltd

R Squared Ltd raised its holdings in Crh Plc (NYSE:CRH) by 100.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,871 shares of the construction company’s stock after purchasing an additional 6,968 shares during the quarter. CRH accounts for about 0.6% of R Squared Ltd’s holdings, making the stock its 23rd biggest position. R Squared Ltd’s holdings in CRH were worth $1,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi raised its stake in shares of CRH by 74.7% during the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after buying an additional 2,550,178 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of CRH by 3.8% in the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock valued at $623,203,000 after buying an additional 216,822 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CRH by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock valued at $507,784,000 after buying an additional 297,309 shares in the last quarter. Lazard Asset Management LLC grew its holdings in 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 acquiring an additional 93,106 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in CRH by 27.9% during the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock worth $228,994,000 after acquiring an additional 477,242 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

CRH has been the subject of several research analyst reports. UBS Group reiterated a “buy” rating on shares of CRH in a research report on Monday, November 2nd. DA Davidson decreased their target price on shares of CRH from $117.00 to $114.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Royal Bank Of Canada lowered their price target on shares of CRH from $165.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Wells Fargo & Company upped their price target on shares of CRH from $100.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. Finally, Barclays cut their price target on shares of CRH from $131.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Nineteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.97.

Insider Activity

In related news, Director Siobhan Talbot acquired 2,000 shares of CRH stock in a transaction dated Tuesday, November 3rd. The shares were acquired at an average cost of $94.63 per share, for a total transaction of $189,260.00. Following the completion of the transaction, the director directly owned 10,507 shares of the company’s stock, valued at $994,277.41. The trade was a 23.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

CRH Stock Performance

CRH stock opened at $93.99 on Friday. Crh Plc has a 1 year low of $78.62 and a 1 year high of $131.55. The stock’s 50 day moving average price is $87.38 and its 200 day moving average price is $103.02. The firm has a market cap of $62.52 billion, a P/E ratio of 17.63, a PEG ratio of 1.83 and a beta of 1.33.

CRH (NYSE:CRH) last announced its earnings results on Thursday, October 29th. The construction company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. The firm had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.56 billion. CRH had a return on equity of 15.03% and a net margin of 9.19%. CRH’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.21 EPS. On average, research analysts predict that Crh Plc will post 5.55 earnings per share for the current year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 13th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, November 13th. CRH’s dividend payout ratio is currently 29.27%.

CRH 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.