Narwhal Capital Management Has $4.86 Million Position in Crh Plc $CRH

Narwhal Capital Management reduced its stake in shares of Crh Plc (NYSE:CRH) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,945 shares of the construction company’s stock after selling 2,383 shares during the quarter. Narwhal Capital Management’s holdings in CRH were worth $4,860,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ninety One UK Ltd boosted its holdings in shares of CRH by 13.1% during the second 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 acquired a new stake in shares of CRH during the first quarter worth approximately $744,000. Hsbc Holdings PLC boosted its holdings in shares of CRH by 100.2% during the first 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 boosted its holdings in shares of CRH by 43.2% during the first 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, GAMMA Investing LLC boosted its holdings in shares of CRH by 27.4% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock worth $169,000 after purchasing an additional 413 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. DA Davidson reiterated a “neutral” rating and issued a $105.00 target price (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Wells Fargo & Company assumed coverage on shares of CRH in a research note on Tuesday. They issued an “overweight” rating and a $135.00 target price for the company. UBS Group set a $152.00 target price on shares of CRH in a research note on Wednesday, October 1st. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, CRH has a consensus rating of “Buy” and a consensus price target of $125.07.

CRH Stock Up 1.3%

NYSE:CRH opened at $117.86 on Thursday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.88. The firm has a market cap of $79.28 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 1.65 and a beta of 1.32. The company’s 50 day moving average is $111.61 and its 200-day moving average is $98.84.

CRH (NYSE:CRH) last released its quarterly 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 firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same period in the prior year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were given a $0.37 dividend. 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 currently 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.