Greenwood Capital Associates LLC Decreases Holdings in Crh Plc $CRH

Greenwood Capital Associates LLC trimmed its position in Crh Plc (NYSE:CRH) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,223 shares of the construction company’s stock after selling 1,198 shares during the quarter. Greenwood Capital Associates LLC’s holdings in CRH were worth $6,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Park Place Capital Corp increased its stake in shares of CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares during the period. GW&K Investment Management LLC increased its stake in shares of CRH by 86.7% in the first 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 during the period. Ransom Advisory Ltd purchased a new position in shares of CRH in the first quarter worth $47,000. Deseret Mutual Benefit Administrators increased its stake in shares of CRH by 44.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company’s stock worth $64,000 after buying an additional 225 shares during the period. Finally, Bruce G. Allen Investments LLC increased its stake in shares of CRH by 68.6% in the first quarter. Bruce G. Allen Investments LLC now owns 774 shares of the construction company’s stock worth $68,000 after buying an additional 315 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRH has been the topic of several analyst reports. Vertical Research raised shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. initiated coverage on shares of CRH in a research note on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 target price on the stock. UBS Group set a $152.00 target price on shares of CRH in a research note on Wednesday. Bank of America assumed coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price target on the stock. Finally, Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a report on Monday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $124.31.

CRH Stock Up 1.1%

NYSE:CRH opened at $121.13 on Friday. The stock has a market cap of $81.48 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32. The firm’s fifty day simple moving average is $110.02 and its 200 day simple moving average is $98.25. Crh Plc has a twelve month low of $76.75 and a twelve month high of $121.88.

CRH (NYSE:CRH) last announced its earnings results 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 business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the firm posted $1.88 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

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

About CRH

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.