CRH plc (NYSE:CRH) Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of CRH plc (NYSE:CRH) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,191 shares of the construction company’s stock after purchasing an additional 910 shares during the period. Vise Technologies Inc.’s holdings in CRH were worth $1,405,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRH. Orion Capital Management LLC purchased a new stake in shares of CRH during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new stake in shares of CRH during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. boosted its stake in shares of CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock worth $33,000 after acquiring an additional 240 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of CRH during the 4th quarter worth approximately $37,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of CRH during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of several research analyst reports. Sanford C. Bernstein initiated coverage on CRH in a research note on Tuesday, May 13th. They set an “outperform” rating and a $115.00 price target on the stock. Royal Bank of Canada decreased their price target on CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Loop Capital started coverage on CRH in a research note on Wednesday, April 9th. They issued a “buy” rating and a $114.00 target price on the stock. Berenberg Bank set a $120.00 target price on CRH in a research note on Friday, February 28th. Finally, Wall Street Zen raised CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CRH currently has a consensus rating of “Buy” and a consensus target price of $112.58.

CRH Stock Down 1.1%

Shares of CRH stock opened at $94.10 on Friday. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The firm has a market cap of $63.58 billion, a PE ratio of 18.82, a P/E/G ratio of 1.15 and a beta of 1.33. The business’s fifty day moving average is $91.43 and its two-hundred day moving average is $96.33.

CRH (NYSE:CRH) last issued its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The business had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.77 billion. Equities research analysts anticipate that CRH plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, May 23rd. CRH’s dividend payout ratio is presently 23.52%.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.