Great Lakes Advisors LLC Acquires New Stake in Crh Plc $CRH

Great Lakes Advisors LLC bought a new position in Crh Plc (NYSE:CRH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,974 shares of the construction company’s stock, valued at approximately $1,067,000.

A number of other large investors have also recently added to or reduced their stakes in CRH. Riggs Asset Managment Co. Inc. lifted its holdings in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares in the last quarter. Bell Investment Advisors Inc raised its position in CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after buying an additional 103 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in CRH in the 4th quarter valued at approximately $33,000. Elyxium Wealth LLC bought a new stake in CRH in the 4th quarter valued at approximately $37,000. Finally, Meeder Asset Management Inc. lifted its stake in CRH by 29,400.0% in the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after acquiring an additional 294 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CRH shares. Truist Financial reduced their price target on CRH from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Weiss Ratings upgraded shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Wells Fargo & Company cut their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Stephens reduced their target price on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Jefferies Financial Group raised their target price on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $139.44.

CRH Stock Performance

Shares of NYSE CRH opened at $95.07 on Friday. The stock has a 50 day moving average price of $103.07 and a 200 day moving average price of $108.63. Crh Plc has a 52 week low of $92.52 and a 52 week high of $131.55. The stock has a market capitalization of $63.25 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.75 and a beta of 1.34.

CRH (NYSE:CRH) last posted its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. The firm had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. As a group, research analysts forecast that Crh Plc will post 5.8 EPS for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. CRH’s dividend payout ratio (DPR) is currently 27.51%.

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.