Ashton Thomas Private Wealth LLC Grows Stock Position in Crh Plc $CRH

Ashton Thomas Private Wealth LLC increased its holdings in Crh Plc (NYSE:CRH) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,910 shares of the construction company’s stock after buying an additional 1,154 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in CRH were worth $1,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Place Capital Corp boosted its position in shares of CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after buying an additional 208 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of CRH by 255.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after buying an additional 306 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of CRH in the 1st quarter worth about $47,000. Finally, Richardson Financial Services Inc. boosted its position in shares of CRH by 29.4% in the 2nd quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company’s stock worth $63,000 after buying an additional 154 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Price Performance

NYSE CRH opened at $118.41 on Thursday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99. The company has a 50-day moving average of $115.26 and a 200-day moving average of $102.19. The company has a market cap of $79.65 billion, a P/E ratio of 24.77, a P/E/G ratio of 1.70 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same period in the prior year, the company earned $1.88 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. CRH’s dividend payout ratio is currently 23.22%.

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of CRH in a report on Friday, October 24th. They issued an “overweight” rating on the stock. Wells Fargo & Company upgraded shares of CRH to a “strong-buy” rating in a report on Wednesday, October 8th. Sanford C. Bernstein upped their target price on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Bank of America initiated coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 target price on the stock. Finally, Morgan Stanley set a $134.00 target price on shares of CRH in a report on Thursday, October 9th. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $127.71.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.