Brentview Investment Management LLC Buys 2,295 Shares of Crh Plc (NYSE:CRH)

Brentview Investment Management LLC grew its stake in Crh Plc (NYSE:CRH) by 5.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 45,846 shares of the construction company’s stock after buying an additional 2,295 shares during the period. CRH comprises approximately 2.1% of Brentview Investment Management LLC’s holdings, making the stock its 20th biggest position. Brentview Investment Management LLC’s holdings in CRH were worth $4,033,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in CRH in the 4th quarter worth $28,000. Park Square Financial Group LLC purchased a new position in shares of CRH in the fourth quarter valued at about $32,000. Heck Capital Advisors LLC bought a new position in shares of CRH in the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. grew its position in shares of CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock worth $33,000 after purchasing an additional 240 shares in the last quarter. Finally, Colonial Trust Co SC purchased a new stake in shares of CRH during the fourth quarter worth about $37,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CRH shares. Royal Bank Of Canada lowered their price target on CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. DA Davidson reissued a “neutral” rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a research note on Wednesday, May 7th. Sanford C. Bernstein started coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 price target on the stock. Finally, Loop Capital assumed coverage on shares of CRH in a report on Wednesday, April 9th. They set a “buy” rating and a $114.00 price objective for the company. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.82.

CRH Stock Down 0.6%

NYSE CRH opened at $96.65 on Thursday. Crh Plc has a 52 week low of $74.03 and a 52 week high of $110.97. The firm has a market capitalization of $65.30 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.53 and a beta of 1.26. The company has a fifty day moving average of $93.21 and a two-hundred day moving average of $94.77.

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

CRH Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.53%. CRH’s dividend payout ratio is presently 23.52%.

About CRH

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.