Brighton Jones LLC Acquires 652 Shares of Crh Plc $CRH

Brighton Jones LLC increased its holdings in shares of Crh Plc (NYSE:CRH) by 16.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,610 shares of the construction company’s stock after purchasing an additional 652 shares during the period. Brighton Jones LLC’s holdings in CRH were worth $423,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Park Place Capital Corp boosted its stake in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in CRH by 5.0% in the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after acquiring an additional 123 shares in the last quarter. Callan Family Office LLC boosted its stake in CRH by 4.4% in the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after acquiring an additional 129 shares in the last quarter. LRI Investments LLC boosted its stake in CRH by 9.2% in the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock valued at $153,000 after acquiring an additional 140 shares in the last quarter. Finally, Sigma Planning Corp boosted its stake in CRH by 3.4% in the first quarter. Sigma Planning Corp now owns 4,371 shares of the construction company’s stock valued at $385,000 after acquiring an additional 142 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Down 1.3%

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 firm has a fifty day simple moving average of $115.26 and a 200-day simple moving average of $102.19. The company has a market capitalization of $79.65 billion, a P/E ratio of 24.77, a PEG ratio of 1.70 and a beta of 1.32.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a return on equity of 15.68% and a net margin of 9.09%.The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same period last year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 22nd. CRH’s dividend payout ratio (DPR) is 23.22%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CRH shares. Morgan Stanley set a $134.00 target price on shares of CRH in a research note on Thursday, October 9th. JPMorgan Chase & Co. started coverage on shares of CRH in a research note on Friday, October 24th. They issued an “overweight” rating for the company. Truist Financial raised their target price on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. DA Davidson reiterated a “neutral” rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada lifted their price objective on shares of CRH from $112.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, CRH has a consensus rating of “Buy” and an average price target of $127.71.

CRH 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.