CRH (NYSE:CRH) Stock: Insider Siobhan Talbot Acquires 2,000 Shares

Crh Plc (NYSE:CRH) Director Siobhan Talbot bought 2,000 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The shares were purchased at an average price of $94.63 per share, for a total transaction of $189,260.00. Following the completion of the acquisition, the director owned 10,507 shares of the company’s stock, valued at $994,277.41. The trade was a 23.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CRH Stock Down 0.5%

CRH stock opened at $94.94 on Friday. Crh Plc has a 52 week low of $78.62 and a 52 week high of $131.55. The stock has a market cap of $63.16 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.85 and a beta of 1.33. The business has a 50-day simple moving average of $87.17 and a 200 day simple moving average of $103.55.

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

CRH Dividend Announcement

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

Analysts Set New Price Targets

CRH has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of CRH in a research report on Tuesday, October 13th. They issued an “overweight” rating and a $115.00 price target for the company. Citigroup increased their target price on CRH from $106.00 to $108.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. UBS Group reissued a “buy” rating on shares of CRH in a research note on Monday. DA Davidson cut their target price on CRH from $117.00 to $114.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Finally, Berenberg Bank set a $140.00 price objective on CRH in a report on Tuesday, September 8th. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.97.

Institutional Trading of CRH

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP boosted its position in CRH by 13.1% during the 3rd quarter. Allworth Financial LP now owns 5,688 shares of the construction company’s stock valued at $471,000 after acquiring an additional 658 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of CRH by 12.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 397,813 shares of the construction company’s stock valued at $33,042,000 after acquiring an additional 45,570 shares during the period. R Squared Ltd increased its position in CRH by 100.9% during the 3rd quarter. R Squared Ltd now owns 13,871 shares of the construction company’s stock worth $1,149,000 after purchasing an additional 6,968 shares in the last quarter. Nan Fung Trinity HK Ltd. bought a new position in shares of CRH in the third quarter worth $11,799,000. Finally, Fifth Third Bancorp increased its holdings in CRH by 18.8% in the 3rd quarter. Fifth Third Bancorp now owns 14,721 shares of the construction company’s stock worth $1,219,000 after buying an additional 2,327 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Company Profile

CRH plc is an international building materials company headquartered in Dublin, Ireland. Formed in 1970 through the merger of Cement Limited and Roadstone Limited, the company supplies materials and products used in infrastructure, commercial construction and residential building.

CRH’s offerings include aggregates, cement, ready-mixed concrete and asphalt, as well as paving, architectural and construction products. It also provides materials and services for road construction and maintenance.

The company serves customers across North America and Europe through a network of local businesses and operations.