Ninety One UK Ltd Sells 93,329 Shares of Crh Plc $CRH

Ninety One UK Ltd trimmed its position in shares of Crh Plc (NYSE:CRH) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,249,695 shares of the construction company’s stock after selling 93,329 shares during the quarter. Ninety One UK Ltd’s holdings in CRH were worth $186,275,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC acquired a new position in shares of CRH in the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc grew its position in CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after acquiring an additional 103 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in CRH during the 1st quarter worth approximately $38,000. Anchor Investment Management LLC bought a new stake in CRH during the 2nd quarter worth approximately $40,000. Finally, MV Capital Management Inc. acquired a new stake in CRH during the 4th quarter valued at $68,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CRH shares. Stephens cut their price objective on CRH from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, October 2nd. Royal Bank Of Canada decreased their target price on CRH from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. DA Davidson started coverage on CRH in a report on Monday, August 24th. They set a “buy” rating and a $137.00 target price on the stock. Weiss Ratings lowered CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. Finally, Truist Financial cut their price target on CRH from $130.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $127.61.

CRH Price Performance

Shares of CRH stock traded up $2.78 during trading hours on Thursday, reaching $81.98. 2,784,581 shares of the company were exchanged, compared to its average volume of 4,928,865. Crh Plc has a fifty-two week low of $78.62 and a fifty-two week high of $131.55. The stock’s fifty day moving average is $89.87 and its two-hundred day moving average is $101.22. The company has a market cap of $54.54 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.45 and a beta of 1.31.

CRH (NYSE:CRH) last issued its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. The business had revenue of $10.78 billion during the quarter, compared to analyst estimates of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. CRH’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 earnings per share. On average, research analysts anticipate that Crh Plc will post 5.83 earnings per share for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th were given a dividend of $0.39 per share. The ex-dividend date was Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.9%. CRH’s payout ratio is presently 27.51%.

About CRH

CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.

Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.

CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.