Crh Plc $CRH Shares Purchased by Mather Group LLC.

Mather Group LLC. increased its position in shares of Crh Plc (NYSE:CRH) by 142.2% during the third quarter, Holdings Channel.com reports. The fund owned 125,057 shares of the construction company’s stock after acquiring an additional 73,419 shares during the quarter. Mather Group LLC.’s holdings in CRH were worth $10,355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC acquired a new stake in CRH in the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc boosted its position in shares of CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new position in shares of CRH in the 1st quarter worth approximately $38,000. Anchor Investment Management LLC bought a new stake in shares of CRH in the 2nd quarter worth approximately $40,000. Finally, Eastern Bank raised its holdings in shares of CRH by 36.5% in the 2nd quarter. Eastern Bank now owns 550 shares of the construction company’s stock worth $59,000 after purchasing an additional 147 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CRH. Stephens cut their target price on shares of CRH from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, October 2nd. Berenberg Bank set a $140.00 price target on shares of CRH in a research report on Tuesday, September 8th. Rothschild & Co Redburn decreased their price target on shares of CRH from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Wells Fargo & Company cut their price objective on CRH from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus target price of $127.61.

CRH Stock Down 1.1%

Shares of NYSE CRH opened at $79.29 on Thursday. Crh Plc has a 12 month low of $78.62 and a 12 month high of $131.55. The company has a market cap of $52.75 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.45 and a beta of 1.31. The business has a fifty day simple moving average of $89.87 and a 200-day simple moving average of $101.22.

CRH (NYSE:CRH) last issued its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. The firm had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%. CRH’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. As a group, sell-side analysts expect that Crh Plc will post 5.83 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, August 14th. CRH’s dividend payout ratio (DPR) is presently 27.51%.

CRH Profile

CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.

Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.

CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.