Crh Plc $CRH Stock: Provenance Wealth Advisors LLC Raises Position

Provenance Wealth Advisors LLC grew its position in Crh Plc (NYSE:CRH) by 55,417.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC acquired a new position in CRH in the second quarter worth approximately $29,000. Cedar Mountain Advisors LLC bought a new stake in CRH in the first quarter worth approximately $38,000. Anchor Investment Management LLC bought a new stake in CRH in the second quarter worth approximately $40,000. Physician Wealth Advisors Inc. increased its stake in shares of CRH by 42.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 582 shares of the construction company’s stock worth $48,000 after purchasing an additional 173 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its stake in shares of CRH by 285.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 683 shares of the construction company’s stock worth $57,000 after purchasing an additional 506 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CRH shares. Truist Financial raised their price target on shares of CRH from $105.00 to $120.00 and gave the company a “buy” rating in a report on Monday. Citigroup increased their target price on shares of CRH from $106.00 to $108.00 and gave the stock a “buy” rating in a research report 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 report on Monday. Jefferies Financial Group reduced their price target on CRH from $159.50 to $126.50 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. assumed coverage on CRH in a research note on Tuesday, October 13th. They set an “overweight” rating and a $115.00 price target for the company. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average price target of $126.13.

CRH Stock Down 3.2%

Shares of CRH stock opened at $93.55 on Wednesday. Crh Plc has a 12 month low of $78.62 and a 12 month high of $131.55. The company has a market cap of $62.23 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.85 and a beta of 1.33. The business’s 50 day moving average is $87.17 and its two-hundred day moving average is $103.94.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. CRH had a net margin of 9.19% and a return on equity of 15.03%. The business had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.56 billion. During the same period in the previous year, the company earned $2.21 earnings per share. CRH’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts expect that Crh Plc will post 5.52 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Friday, November 13th will be issued 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 (DPR) is 29.27%.

About CRH

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.