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

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

CRH Price Performance

NYSE:CRH opened at $98.95 on Thursday. The stock has a market cap of $65.83 billion, a P/E ratio of 16.64, a PEG ratio of 1.78 and a beta of 1.33. Crh Plc has a one year low of $78.62 and a one year high of $131.55. The company has a fifty day moving average price of $87.22 and a 200 day moving average price of $103.82.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.03. The company had revenue of $11.40 billion for the quarter, compared to analyst estimates of $11.56 billion. CRH had a return on equity of 15.03% and a net margin of 9.19%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.21 EPS. As a group, equities research analysts anticipate that Crh Plc will post 5.55 EPS for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 13th will be issued a $0.39 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.56 annualized dividend and a yield of 1.6%. CRH’s dividend payout ratio (DPR) is currently 29.27%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank Of Canada lowered their price objective on shares of CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Rothschild & Co Redburn decreased their target price on CRH from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. DA Davidson lowered their price target on CRH from $117.00 to $114.00 and set a “buy” rating for the company in a report on Monday. Truist Financial raised their price target on CRH from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley cut their price objective on CRH from $139.00 to $129.00 and set an “overweight” rating on the stock in a report on Wednesday. Nineteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.61.

Institutional Investors Weigh In On CRH

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRH. Continuum Advisory LLC bought a new position in shares of CRH in the 2nd quarter valued at about $29,000. Cedar Mountain Advisors LLC bought a new stake in CRH during the first quarter worth about $38,000. Anchor Investment Management LLC bought a new stake in CRH during the second quarter worth about $40,000. Physician Wealth Advisors Inc. boosted its position in CRH by 42.3% during the third quarter. Physician Wealth Advisors Inc. now owns 582 shares of the construction company’s stock valued at $48,000 after purchasing an additional 173 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its position in CRH by 285.9% during the third quarter. Salomon & Ludwin LLC now owns 683 shares of the construction company’s stock valued at $57,000 after purchasing an additional 506 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

About CRH

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.