Ethic Inc. Acquires 16,206 Shares of Crh Plc $CRH

Ethic Inc. boosted its holdings in shares of Crh Plc (NYSE:CRH) by 64.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,447 shares of the construction company’s stock after acquiring an additional 16,206 shares during the quarter. Ethic Inc.’s holdings in CRH were worth $3,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Amundi raised its stake in shares of CRH by 74.7% during the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after buying an additional 2,550,178 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in CRH by 441.4% in the first quarter. Hsbc Holdings PLC now owns 1,468,493 shares of the construction company’s stock valued at $154,218,000 after buying an additional 1,197,255 shares during the period. Renaissance Technologies LLC bought a new position in CRH in the first quarter valued at approximately $79,124,000. Janus Henderson Group PLC boosted its stake in CRH by 27.9% in the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after acquiring an additional 477,242 shares during the last quarter. Finally, Engineers Gate Manager LP grew its holdings in CRH by 1,838.4% during the 2nd quarter. Engineers Gate Manager LP now owns 461,503 shares of the construction company’s stock worth $49,381,000 after acquiring an additional 437,694 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Insider Transactions at CRH

In other CRH news, Director Siobhan Talbot bought 2,000 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was purchased at an average cost of $94.63 per share, with a total value of $189,260.00. Following the completion of the purchase, the director owned 10,507 shares in the company, valued at approximately $994,277.41. The trade was a 23.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

CRH Stock Performance

CRH opened at $96.74 on Wednesday. The firm’s fifty day moving average is $87.25 and its two-hundred day moving average is $103.30. The firm has a market cap of $64.35 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. Crh Plc has a twelve month low of $78.62 and a twelve month high of $131.55.

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

CRH Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BNP Paribas Exane cut their price target on CRH from $157.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. JPMorgan Chase & Co. began coverage on CRH in a research report on Tuesday, October 13th. They issued an “overweight” rating and a $115.00 price target on the stock. Royal Bank Of Canada decreased their price objective on CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Berenberg Bank set a $140.00 price objective on CRH in a report on Tuesday, September 8th. Finally, Truist Financial increased their target price on CRH from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and a consensus price target of $125.97.

CRH 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.