TD Waterhouse Canada Inc. Trims Stake in Crh Plc $CRH

TD Waterhouse Canada Inc. reduced its stake in Crh Plc (NYSE:CRH) by 44.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,662 shares of the construction company’s stock after selling 126,841 shares during the period. TD Waterhouse Canada Inc.’s holdings in CRH were worth $17,002,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Continuum Advisory LLC purchased a new position in shares of CRH during the 2nd quarter worth approximately $29,000. Riggs Asset Managment Co. Inc. lifted its stake in shares of CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares during the period. Bell Investment Advisors Inc lifted its stake in shares of CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of CRH during the fourth quarter valued at approximately $33,000. Finally, Elyxium Wealth LLC bought a new stake in shares of CRH during the fourth quarter valued at approximately $37,000. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CRH shares. Truist Financial decreased their price objective on CRH from $140.00 to $130.00 and set a “buy” rating for the company in a report on Friday, July 31st. Jefferies Financial Group boosted their target price on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Wells Fargo & Company decreased their price target on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Finally, Stephens lowered their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, CRH currently has an average rating of “Buy” and an average target price of $140.57.

CRH Stock Up 2.3%

CRH stock opened at $94.19 on Friday. Crh Plc has a twelve month low of $90.21 and a twelve month high of $131.55. The company has a market capitalization of $62.66 billion, a P/E ratio of 16.61, a PEG ratio of 1.67 and a beta of 1.33. The stock’s 50 day moving average is $99.69 and its 200 day moving average is $106.49.

CRH (NYSE:CRH) last announced its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%.The business had revenue of $10.78 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the business earned $1.94 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that Crh Plc will post 5.9 EPS for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 14th. CRH’s payout ratio is currently 27.51%.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.