OneAscent Investment Solutions LLC Takes $659,000 Position in Crh Plc (NYSE:CRH)

OneAscent Investment Solutions LLC acquired a new stake in Crh Plc (NYSE:CRH) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,490 shares of the construction company’s stock, valued at approximately $659,000. CRH makes up about 0.8% of OneAscent Investment Solutions LLC’s portfolio, making the stock its 27th largest holding.

Several other large investors have also recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in CRH in the first quarter valued at $744,000. Massachusetts Financial Services Co. MA raised its stake in CRH by 43.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after buying an additional 3,108,416 shares in the last quarter. GAMMA Investing LLC raised its stake in CRH by 27.4% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock valued at $169,000 after buying an additional 413 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in CRH by 211.3% in the first quarter. Jupiter Asset Management Ltd. now owns 1,411,543 shares of the construction company’s stock valued at $123,601,000 after buying an additional 958,061 shares in the last quarter. Finally, Exane Asset Management raised its stake in CRH by 22.2% in the first quarter. Exane Asset Management now owns 226,087 shares of the construction company’s stock valued at $19,889,000 after buying an additional 41,013 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of CRH in a research note on Friday, August 8th. The Goldman Sachs Group restated a “neutral” rating on shares of CRH in a research note on Tuesday, May 6th. Sanford C. Bernstein began coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 price objective (up previously from $108.00) on shares of CRH in a research note on Friday, August 8th. Finally, Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $113.18.

CRH Stock Performance

Shares of NYSE:CRH opened at $113.92 on Thursday. The stock has a market capitalization of $76.97 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.44 and a beta of 1.26. Crh Plc has a one year low of $76.75 and a one year high of $113.95. The company has a 50-day simple moving average of $95.38 and a 200-day simple moving average of $95.20.

CRH (NYSE:CRH) last posted its quarterly 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). The firm 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 company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 earnings per share. As a group, research analysts forecast 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 will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be issued 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 is Friday, August 22nd. CRH’s dividend payout ratio is currently 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.