CRH (NYSE:CRH) Director Siobhan Talbot Purchases 2,000 Shares of Stock

Crh Plc (NYSE:CRH) Director Siobhan Talbot acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were acquired at an average cost of $94.63 per share, for a total transaction of $189,260.00. Following the completion of the acquisition, the director owned 10,507 shares of the company’s stock, valued at $994,277.41. This trade represents a 23.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CRH Stock Down 3.5%

Shares of NYSE:CRH opened at $95.37 on Friday. The company has a market capitalization of $63.45 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. Crh Plc has a 52 week low of $78.62 and a 52 week high of $131.55. The firm has a 50 day moving average of $87.18 and a 200 day moving average of $103.68.

CRH (NYSE:CRH) last announced its earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.03. CRH had a return on equity of 15.03% and a net margin of 9.19%. The business had revenue of $11.40 billion for the quarter, compared to analysts’ expectations of $11.56 billion. During the same quarter last year, the firm earned $2.21 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that Crh Plc will post 5.55 EPS for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, November 13th. CRH’s dividend payout ratio is 29.27%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi lifted its stake in CRH by 74.7% in the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after purchasing an additional 2,550,178 shares in the last quarter. Bank of America Corp DE grew its position in shares of CRH by 3.8% in the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock valued at $623,203,000 after purchasing an additional 216,822 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of CRH by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock valued at $507,784,000 after purchasing an additional 297,309 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of CRH by 4.1% in the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after purchasing an additional 93,106 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of CRH by 27.9% in the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after purchasing an additional 477,242 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRH. UBS Group reiterated a “buy” rating on shares of CRH in a report on Monday. Berenberg Bank set a $140.00 price target on shares of CRH in a research report on Tuesday, September 8th. JPMorgan Chase & Co. started coverage on shares of CRH in a report on Tuesday, October 13th. They issued an “overweight” rating and a $115.00 price target on the stock. Weiss Ratings downgraded shares of CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 16th. Finally, Rothschild & Co Redburn reduced their price objective on shares of CRH from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.61.

CRH Company Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.