Hunter Associates Investment Management LLC Has $689,000 Holdings in Crh Plc $CRH

Hunter Associates Investment Management LLC lessened its holdings in Crh Plc (NYSE:CRH) by 32.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,493 shares of the construction company’s stock after selling 3,540 shares during the period. Hunter Associates Investment Management LLC’s holdings in CRH were worth $689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ninety One UK Ltd increased its holdings in shares of CRH by 13.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock worth $288,572,000 after purchasing an additional 364,319 shares during the period. GSA Capital Partners LLP bought a new position in shares of CRH during the 1st quarter worth about $744,000. Hsbc Holdings PLC increased its holdings in shares of CRH by 100.2% during the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock worth $39,318,000 after purchasing an additional 226,602 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of CRH by 43.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock worth $906,424,000 after purchasing an additional 3,108,416 shares during the period. Finally, National Pension Service increased its holdings in shares of CRH by 8.6% during the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock worth $189,492,000 after purchasing an additional 170,702 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Down 0.9%

Shares of CRH stock opened at $118.00 on Tuesday. The stock has a market capitalization of $79.37 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 1.68 and a beta of 1.32. Crh Plc has a 1-year low of $76.75 and a 1-year high of $121.99. The firm’s 50-day moving average price is $115.61 and its two-hundred day moving average price is $103.00.

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

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 22nd. CRH’s dividend payout ratio is currently 23.22%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Truist Financial upped 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. Vertical Research raised shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a research note on Wednesday, October 8th. Finally, 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 research note on Thursday, September 11th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $127.71.

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.