Crh Plc $CRH Shares Purchased by Davis Rea LTD.

Davis Rea LTD. lifted its position in Crh Plc (NYSE:CRH) by 1,292.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,135 shares of the construction company’s stock after acquiring an additional 65,100 shares during the period. CRH accounts for 1.7% of Davis Rea LTD.’s holdings, making the stock its 17th largest position. Davis Rea LTD.’s holdings in CRH were worth $5,807,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CRH. Royal Bank of Canada lifted its holdings in CRH by 2.5% in the 4th quarter. Royal Bank of Canada now owns 10,808,439 shares of the construction company’s stock valued at $1,348,894,000 after purchasing an additional 262,175 shares in the last quarter. Amundi grew its holdings in shares of CRH by 74.7% during the first 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 grew its holdings in shares of CRH by 3.8% during the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock worth $623,203,000 after buying an additional 216,822 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CRH by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock worth $507,784,000 after buying an additional 297,309 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of CRH by 4.1% in the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after buying an additional 93,106 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Berenberg Bank set a $140.00 price target on shares of CRH in a research note on Tuesday, September 8th. Jefferies Financial Group dropped their price objective on shares of CRH from $159.50 to $126.50 and set a “buy” rating for the company in a research note on Monday, August 3rd. UBS Group dropped their price objective on shares of CRH from $147.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. BNP Paribas Exane cut their price objective on shares of CRH from $157.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $127.61.

CRH Trading Down 1.2%

NYSE CRH traded down $0.98 on Tuesday, reaching $80.07. 4,858,343 shares of the company were exchanged, compared to its average volume of 4,938,632. The business’s fifty day moving average price is $90.29 and its 200 day moving average price is $101.39. The stock has a market capitalization of $53.27 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 1.60 and a beta of 1.31. Crh Plc has a fifty-two week low of $79.95 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last issued its earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%. The business had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the company earned $1.94 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts forecast that Crh Plc will post 5.90 earnings per share for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.9%. CRH’s payout ratio is presently 27.51%.

About CRH

CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.

Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.

CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.