Lmcg Investments LLC Buys 1,721 Shares of Crh Plc $CRH

Lmcg Investments LLC raised its stake in shares of Crh Plc (NYSE:CRH) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,502 shares of the construction company’s stock after purchasing an additional 1,721 shares during the period. Lmcg Investments LLC’s holdings in CRH were worth $4,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of CRH by 62.8% in the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after acquiring an additional 24,591,538 shares during the last quarter. Nuveen LLC bought a new position in shares of CRH in the 1st quarter valued at about $597,888,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of CRH by 43.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after acquiring an additional 3,108,416 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CRH by 58,695.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after acquiring an additional 2,826,179 shares during the last quarter. Finally, AGF Management Ltd. lifted its holdings in shares of CRH by 195.0% in the 1st quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company’s stock valued at $268,485,000 after acquiring an additional 2,017,484 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CRH shares. Vertical Research raised shares of CRH to a “strong-buy” rating in a report on Friday, August 1st. DA Davidson reaffirmed a “neutral” rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Wells Fargo & Company raised shares of CRH to a “strong-buy” rating in a report on Wednesday. Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Finally, Morgan Stanley set a $134.00 price objective on shares of CRH in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $127.21.

CRH Price Performance

CRH stock opened at $116.21 on Friday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $121.88. The firm has a market capitalization of $78.17 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The company’s 50-day moving average is $112.47 and its 200 day moving average is $99.10.

CRH (NYSE:CRH) last issued 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). The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.88 earnings per share. Research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were given 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 1.3%. CRH’s dividend payout ratio (DPR) is 23.22%.

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.