Crh Plc $CRH Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in Crh Plc (NYSE:CRH) by 14.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,134 shares of the construction company’s stock after buying an additional 14,268 shares during the period. NEOS Investment Management LLC’s holdings in CRH were worth $11,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after acquiring an additional 5,316 shares during the period. Empowered Funds LLC boosted its holdings in CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 658 shares during the last quarter. Sivia Capital Partners LLC grew its position in CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after purchasing an additional 1,579 shares during the period. Sei Investments Co. raised its stake in shares of CRH by 18.9% during the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after buying an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of CRH by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock valued at $29,084,000 after buying an additional 2,348 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

NYSE CRH opened at $94.19 on Friday. The business has a fifty day moving average price of $99.69 and a 200 day moving average price of $106.49. The company has a market cap of $62.66 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.71 and a beta of 1.33. Crh Plc has a one year low of $90.21 and a one year high of $131.55.

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

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. CRH’s payout ratio is presently 27.51%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stephens lowered their target price on CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. DA Davidson began coverage on CRH in a report on Monday, August 24th. They issued a “buy” rating and a $137.00 price target for the company. Wells Fargo & Company lowered their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, CRH 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.