Moran Wealth Management LLC Raises Stake in Crh Plc (NYSE:CRH)

Moran Wealth Management LLC boosted its position in Crh Plc (NYSE:CRH) by 16.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,581 shares of the construction company’s stock after buying an additional 356 shares during the period. Moran Wealth Management LLC’s holdings in CRH were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Hi Line Capital Management LLC boosted its position in CRH by 2.2% in the first quarter. Hi Line Capital Management LLC now owns 70,976 shares of the construction company’s stock valued at $6,270,000 after buying an additional 1,525 shares during the last quarter. Keudell Morrison Wealth Management purchased a new stake in CRH in the first quarter valued at approximately $225,000. Asset Management One Co. Ltd. boosted its position in CRH by 4.8% in the first quarter. Asset Management One Co. Ltd. now owns 257,574 shares of the construction company’s stock valued at $22,659,000 after buying an additional 11,685 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in CRH by 13.9% in the first quarter. Oppenheimer & Co. Inc. now owns 29,880 shares of the construction company’s stock valued at $2,629,000 after buying an additional 3,648 shares during the last quarter. Finally, TrueMark Investments LLC boosted its position in CRH by 10.6% in the first quarter. TrueMark Investments LLC now owns 43,052 shares of the construction company’s stock valued at $3,787,000 after buying an additional 4,140 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock opened at $91.52 on Friday. The company has a market cap of $61.83 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.35 and a beta of 1.28. The stock has a 50 day simple moving average of $92.80 and a 200-day simple moving average of $94.61. Crh Plc has a 1-year low of $71.18 and a 1-year high of $110.97.

CRH (NYSE:CRH) last announced its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. Analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, May 23rd. CRH’s payout ratio is 23.52%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRH. Berenberg Bank set a $120.00 price target on CRH in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price target on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Loop Capital began coverage on CRH in a report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price target for the company. Morgan Stanley reissued an “overweight” rating on shares of CRH in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of CRH in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CRH has a consensus rating of “Buy” and a consensus price target of $114.18.

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.