Yousif Capital Management LLC Purchases 57,326 Shares of Crh Plc $CRH

Yousif Capital Management LLC raised its position in Crh Plc (NYSE:CRH) by 689.8% in the 4th quarter, Holdings Channel reports. The firm owned 65,636 shares of the construction company’s stock after buying an additional 57,326 shares during the period. Yousif Capital Management LLC’s holdings in CRH were worth $7,933,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Board of the Pension Protection Fund bought a new stake in CRH in the fourth quarter valued at approximately $25,000. Harbor Investment Advisory LLC increased its position in shares of CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of CRH during the fourth quarter worth $26,000. United Community Bank increased its position in shares of CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after acquiring an additional 187 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its position in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after acquiring an additional 312 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock opened at $113.91 on Thursday. The stock has a market cap of $76.12 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.83 and a beta of 1.35. The company has a fifty day moving average price of $113.68 and a two-hundred day moving average price of $117.86. Crh Plc has a one year low of $77.79 and a one year high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The firm had revenue of $9.42 billion during the quarter, compared to analyst estimates of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 EPS. As a group, equities research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, March 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from CRH’s previous quarterly dividend of $0.37. CRH’s dividend payout ratio is 28.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. DA Davidson set a $120.00 price objective on shares of CRH in a research report on Friday, February 20th. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Citigroup increased their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Morgan Stanley increased their target price on shares of CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.69.

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.