Crh Plc $CRH Holdings Reduced by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. decreased its position in Crh Plc (NYSE:CRH) by 21.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,385 shares of the construction company’s stock after selling 1,225 shares during the period. Bridgewater Advisors Inc.’s holdings in CRH were worth $425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in shares of CRH in the second quarter valued at approximately $27,000. Park Place Capital Corp boosted its holdings in shares of CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in shares of CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after acquiring an additional 208 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of CRH by 255.0% in the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after acquiring an additional 306 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of CRH in the first quarter valued at approximately $47,000. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 0.9%

Shares of CRH stock opened at $118.00 on Tuesday. The stock has a 50-day moving average price of $115.61 and a 200 day moving average price of $103.00. The company has a market cap of $79.37 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.68 and a beta of 1.32. Crh Plc has a 1 year low of $76.75 and a 1 year high of $121.99.

CRH (NYSE:CRH) last released its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $10.27 billion. During the same quarter in the previous year, the company earned $1.88 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts forecast 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. Shareholders of record on Friday, August 22nd were given a $0.37 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. CRH’s dividend payout ratio is presently 23.22%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CRH. Bank of America began coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective for the company. Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a report on Monday, September 22nd. Sanford C. Bernstein raised their target price on shares of CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Wells Fargo & Company upgraded shares of CRH to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their target price on shares of CRH from $112.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and an average target price of $127.71.

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.