TFG Advisers LLC Acquires 290 Shares of Crh Plc $CRH

TFG Advisers LLC lifted its holdings in shares of Crh Plc (NYSE:CRH) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,904 shares of the construction company’s stock after acquiring an additional 290 shares during the quarter. TFG Advisers LLC’s holdings in CRH were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRH. Park Place Capital Corp grew its stake in 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 purchasing an additional 115 shares during the period. GW&K Investment Management LLC grew its stake in 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 purchasing an additional 208 shares during the period. Ransom Advisory Ltd purchased a new stake in CRH in the first quarter worth $47,000. Deseret Mutual Benefit Administrators grew its stake in 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 purchasing an additional 225 shares during the period. Finally, Bruce G. Allen Investments LLC grew its stake in 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 purchasing an additional 315 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Down 0.0%

NYSE CRH opened at $119.85 on Thursday. The stock’s 50-day moving average price is $109.54 and its 200-day moving average price is $98.09. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.88. The company has a market capitalization of $80.62 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.32.

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

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. CRH’s dividend payout ratio (DPR) is 23.22%.

Analyst Ratings Changes

Several brokerages recently weighed in on CRH. DA Davidson reaffirmed a “neutral” rating and issued a $105.00 price target (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Sanford C. Bernstein increased their target price on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. assumed coverage on CRH in a research note on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 target price on the stock. Jefferies Financial Group raised CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Vertical Research raised CRH to a “strong-buy” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, CRH presently has an average rating of “Buy” and an average target price of $122.77.

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.