Crh Plc $CRH Shares Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC grew its stake in shares of Crh Plc (NYSE:CRH) by 55,417.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,100 shares of the construction company’s stock after purchasing an additional 16,071 shares during the period. Provenance Wealth Advisors LLC’s holdings in CRH were worth $1,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CRH. QRG Capital Management Inc. lifted its stake in CRH by 7.7% during the second quarter. QRG Capital Management Inc. now owns 196,860 shares of the construction company’s stock valued at $21,064,000 after buying an additional 14,091 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of CRH by 13.0% in the second quarter. Handelsbanken Fonder AB now owns 332,198 shares of the construction company’s stock worth $35,545,000 after buying an additional 38,141 shares during the period. Davis Rea LTD. increased its position in shares of CRH by 1,292.9% in the third quarter. Davis Rea LTD. now owns 70,135 shares of the construction company’s stock worth $5,807,000 after acquiring an additional 65,100 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of CRH by 4.1% in the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock worth $245,460,000 after acquiring an additional 93,106 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of CRH during the second quarter valued at approximately $2,229,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH opened at $93.55 on Wednesday. The company has a market capitalization of $62.23 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.85 and a beta of 1.33. Crh Plc has a fifty-two week low of $78.62 and a fifty-two week high of $131.55. The business’s 50-day moving average is $87.17 and its 200-day moving average is $103.94.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The business 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%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.21 earnings per share. Equities research analysts expect that Crh Plc will post 5.52 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business 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 $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 13th. CRH’s dividend payout ratio is currently 29.27%.

Analyst Ratings Changes

CRH has been the subject of several research analyst reports. Stephens upped their price target on shares of CRH from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. initiated coverage on shares of CRH in a research report on Tuesday, October 13th. They set an “overweight” rating and a $115.00 price objective on the stock. Berenberg Bank set a $140.00 target price on shares of CRH in a research note on Tuesday, September 8th. Barclays cut their target price on shares of CRH from $131.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Jefferies Financial Group reduced their target price on CRH from $159.50 to $126.50 and set a “buy” rating for the company in a report on Monday, August 3rd. Nineteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.13.

CRH Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.