Applied Capital LLC FL Acquires New Holdings in CRH plc (NYSE:CRH)

Applied Capital LLC FL bought a new stake in shares of CRH plc (NYSE:CRH) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,534 shares of the construction company’s stock, valued at approximately $391,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co bought a new position in CRH during the first quarter valued at $2,391,000. Cannon Global Investment Management LLC increased its holdings in CRH by 50.8% during the first quarter. Cannon Global Investment Management LLC now owns 9,800 shares of the construction company’s stock valued at $845,000 after buying an additional 3,300 shares during the period. Kathmere Capital Management LLC increased its holdings in CRH by 29.3% during the first quarter. Kathmere Capital Management LLC now owns 13,168 shares of the construction company’s stock valued at $1,136,000 after buying an additional 2,985 shares during the period. Asio Capital LLC grew its holdings in CRH by 0.4% in the first quarter. Asio Capital LLC now owns 54,246 shares of the construction company’s stock worth $4,679,000 after purchasing an additional 231 shares during the last quarter. Finally, Artemis Investment Management LLP grew its holdings in CRH by 12.4% in the first quarter. Artemis Investment Management LLP now owns 1,101,225 shares of the construction company’s stock worth $94,941,000 after purchasing an additional 121,528 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Trading Down 1.1 %

CRH traded down $0.81 during trading on Tuesday, hitting $72.15. 5,406,795 shares of the company’s stock were exchanged, compared to its average volume of 5,490,923. CRH plc has a 1 year low of $51.59 and a 1 year high of $88.00. The stock has a 50 day moving average price of $78.99 and a 200 day moving average price of $77.24. The firm has a market cap of $49.54 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30.

CRH (NYSE:CRH) last released its quarterly earnings data on Friday, May 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Analysts forecast that CRH plc will post 5.35 earnings per share for the current fiscal year.

CRH Increases Dividend

The firm also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, May 24th were paid a dividend of $0.35 per share. This is an increase from CRH’s previous Variable dividend of $0.23. This represents a yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 23rd. CRH’s payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research reports. Stifel Nicolaus restated a “hold” rating and set a $82.00 target price (up from $80.00) on shares of CRH in a research report on Monday, April 15th. Jefferies Financial Group upped their price objective on shares of CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Royal Bank of Canada began coverage on shares of CRH in a report on Tuesday, May 14th. They set an “outperform” rating and a $110.00 target price on the stock. Truist Financial raised their price objective on shares of CRH from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Stephens began coverage on shares of CRH in a report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.11.

CRH 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.