Great Lakes Advisors LLC Takes $1.07 Million Position in Crh Plc $CRH

Great Lakes Advisors LLC bought a new stake in Crh Plc (NYSE:CRH) in the 2nd quarter, Holdings Channel.com reports. The firm bought 9,974 shares of the construction company’s stock, valued at approximately $1,067,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in CRH by 22.7% during the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after buying an additional 14,623,673 shares during the last quarter. State Street Corp lifted its position in shares of CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after buying an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CRH by 67.3% during the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after acquiring an additional 5,916,930 shares during the period. Norges Bank bought a new position in shares of CRH during the 4th quarter worth approximately $1,476,939,000. Finally, Royal Bank of Canada increased its holdings in shares of CRH by 2.5% during the 4th quarter. Royal Bank of Canada now owns 10,808,439 shares of the construction company’s stock worth $1,348,894,000 after acquiring an additional 262,175 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 2.1%

CRH stock opened at $95.07 on Friday. The company has a market capitalization of $63.25 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.75 and a beta of 1.34. Crh Plc has a 12 month low of $92.52 and a 12 month high of $131.55. The stock’s 50 day moving average is $103.07 and its 200-day moving average is $108.63.

CRH (NYSE:CRH) last released its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.19. The business had revenue of $10.78 billion during 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%.The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $1.94 EPS. As a group, equities research analysts predict that Crh Plc will post 5.8 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s dividend payout ratio (DPR) is currently 27.51%.

Analyst Ratings Changes

CRH has been the topic of a number of research analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Truist Financial reduced their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Jefferies Financial Group upped their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Wells Fargo & Company dropped their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $139.44.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.