Key Points
- Director Siobhan Talbot bought 2,000 CRH shares at an average price of $94.63, spending $189,260 and increasing her stake by 23.51% to 10,507 shares.
- CRH reported quarterly EPS of $2.09, above the $2.06 consensus, while revenue of $11.40 billion fell short of expectations but rose 3% year over year.
- CRH declared a quarterly dividend of $0.39 per share, equivalent to $1.56 annually and a 1.6% yield. Analysts’ average rating was “Moderate Buy,” with a $125.61 average price target.
Crh Plc (NYSE:CRH - Get Free Report) Director Siobhan Talbot purchased 2,000 shares of CRH stock in a transaction dated Tuesday, November 3rd. The shares were bought at an average price of $94.63 per share, for a total transaction of $189,260.00. Following the acquisition, the director owned 10,507 shares in the company, valued at approximately $994,277.41. This trade represents a 23.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
CRH Trading Down 3.5%
Shares of CRH stock opened at $95.37 on Friday. Crh Plc has a twelve month low of $78.62 and a twelve month high of $131.55. The company's 50-day moving average price is $87.18 and its 200-day moving average price is $103.68. The stock has a market cap of $63.45 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.88 and a beta of 1.33.
CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.03. CRH had a net margin of 9.19% and a return on equity of 15.03%. The firm had revenue of $11.40 billion during the quarter, compared to analysts' expectations of $11.56 billion. During the same period last year, the business earned $2.21 earnings per share. CRH's revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts predict that Crh Plc will post 5.55 EPS for the current year.
CRH Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. CRH's dividend payout ratio is 29.27%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on CRH. Weiss Ratings lowered shares of CRH from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 16th. DA Davidson decreased their price objective on CRH from $117.00 to $114.00 and set a "buy" rating on the stock in a report on Monday. Berenberg Bank set a $140.00 target price on CRH in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft set a $118.00 target price on CRH in a research note on Friday, October 9th. Finally, Barclays reduced their target price on CRH from $131.00 to $110.00 and set an "overweight" rating on the stock in a research report on Monday, October 19th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $125.61.
Get Our Latest Stock Analysis on CRH
Institutional Investors Weigh In On CRH
Institutional investors have recently made changes to their positions in the stock. Amundi lifted its holdings in shares of CRH by 74.7% in the 1st quarter. Amundi now owns 5,965,814 shares of the construction company's stock worth $627,126,000 after acquiring an additional 2,550,178 shares during the last quarter. Bank of America Corp DE boosted its position in shares of CRH by 3.8% during the 1st quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company's stock worth $623,203,000 after purchasing an additional 216,822 shares during the period. Dimensional Fund Advisors LP increased its holdings in CRH by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company's stock valued at $507,784,000 after purchasing an additional 297,309 shares during the last quarter. Lazard Asset Management LLC increased its holdings in CRH by 4.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company's stock valued at $245,460,000 after purchasing an additional 93,106 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings 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 purchasing an additional 477,242 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.
About CRH
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
