GAMMA Investing LLC Has $169,000 Stake in Crh Plc (NYSE:CRH)

GAMMA Investing LLC boosted its holdings in shares of Crh Plc (NYSE:CRH) by 27.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,919 shares of the construction company’s stock after purchasing an additional 413 shares during the period. GAMMA Investing LLC’s holdings in CRH were worth $169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CRH. Proficio Capital Partners LLC bought a new position in shares of CRH during the 4th quarter worth approximately $69,000. Jones Financial Companies Lllp raised its position in CRH by 37.5% in the 4th quarter. Jones Financial Companies Lllp now owns 4,196 shares of the construction company’s stock valued at $388,000 after purchasing an additional 1,144 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in CRH by 15.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,520 shares of the construction company’s stock valued at $788,000 after purchasing an additional 1,129 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in CRH by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock valued at $226,732,000 after purchasing an additional 232,977 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of CRH by 32.8% during the fourth quarter. Assetmark Inc. now owns 2,122 shares of the construction company’s stock worth $196,000 after acquiring an additional 524 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.8%

Shares of NYSE CRH opened at $95.25 on Friday. The firm has a market cap of $64.36 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26. Crh Plc has a 1-year low of $72.32 and a 1-year high of $110.97. The business’s 50 day moving average is $93.39 and its 200-day moving average is $94.47.

CRH (NYSE:CRH) last posted its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 15.88% and a net margin of 9.17%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. Analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a $0.37 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. CRH’s payout ratio is 23.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CRH shares. JPMorgan Chase & Co. dropped their target price on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Royal Bank Of Canada reduced their price objective on CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Loop Capital assumed coverage on CRH in a research report on Wednesday, April 9th. They set a “buy” rating and a $114.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a research report on Wednesday, May 7th. Finally, Sanford C. Bernstein began coverage on CRH in a research report on Tuesday, May 13th. They set an “outperform” rating and a $115.00 price target for the company. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $114.18.

CRH 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.