Eagle Rock Investment Company LLC Purchases 52,319 Shares of Crh Plc $CRH

Eagle Rock Investment Company LLC acquired a new position in shares of Crh Plc (NYSE:CRH) in the third quarter, Holdings Channel.com reports. The firm acquired 52,319 shares of the construction company’s stock, valued at approximately $4,332,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Amundi increased 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 purchasing an additional 2,550,178 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of CRH by 441.4% during the 1st quarter. Hsbc Holdings PLC now owns 1,468,493 shares of the construction company’s stock worth $154,218,000 after purchasing an additional 1,197,255 shares during the last quarter. Renaissance Technologies LLC purchased a new position in CRH in the 1st quarter valued at about $79,124,000. Janus Henderson Group PLC lifted its stake in CRH by 27.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after buying an additional 477,242 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its stake in CRH by 1,838.4% in the 2nd quarter. Engineers Gate Manager LP now owns 461,503 shares of the construction company’s stock valued at $49,381,000 after buying an additional 437,694 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Trading Up 0.9%

CRH stock opened at $85.99 on Thursday. The company has a market cap of $57.21 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 1.54 and a beta of 1.31. Crh Plc has a 12 month low of $78.62 and a 12 month high of $131.55. The firm has a 50-day moving average of $88.31 and a two-hundred day moving average of $100.52.

CRH (NYSE:CRH) last issued its earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.19. The business had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. As a group, equities analysts forecast that Crh Plc will post 5.83 earnings per share for the current year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 1.8%. CRH’s payout ratio is 27.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on CRH from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Truist Financial reduced their target price on CRH from $130.00 to $105.00 and set a “buy” rating for the company in a report on Monday, October 5th. Stephens decreased their target price on CRH from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Citigroup lowered their price target on CRH from $122.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Finally, Rothschild & Co Redburn lowered their price target on CRH from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and a consensus target price of $126.50.

CRH Company 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.