Triasima Portfolio Management inc. Takes Position in Crh Plc (NYSE:CRH)

by · The Markets Daily

Triasima Portfolio Management inc. bought a new position in shares of Crh Plc (NYSE:CRH – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,960 shares of the construction company’s stock, valued at approximately $2,196,000.

A number of other hedge funds have also recently added to or reduced their stakes in CRH. Orion Capital Management LLC purchased a new position in shares of CRH during the 4th quarter worth about $28,000. Heck Capital Advisors LLC acquired a new position in CRH during the fourth quarter worth approximately $32,000. Park Square Financial Group LLC purchased a new position in CRH during the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. boosted its holdings in shares of CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock valued at $33,000 after purchasing an additional 240 shares during the last quarter. Finally, Colonial Trust Co SC purchased a new stake in shares of CRH during the 4th quarter valued at $37,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CRH. Sanford C. Bernstein initiated coverage on CRH in a report on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 target price on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of CRH in a research note on Tuesday, May 6th. Royal Bank Of Canada cut their price target on shares of CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a report on Wednesday, May 7th. Finally, DA Davidson restated a “neutral” rating and set a $105.00 price objective (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.82.

Read Our Latest Stock Report on CRH

CRH Price Performance

CRH opened at $94.23 on Wednesday. The stock has a market capitalization of $63.66 billion, a PE ratio of 19.96, a P/E/G ratio of 1.47 and a beta of 1.26. Crh Plc has a 12-month low of $74.03 and a 12-month high of $110.97. The firm’s fifty day moving average price is $93.33 and its 200 day moving average price is $94.52.

CRH (NYSE:CRH – Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 15.88% and a net margin of 9.17%. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. On average, equities research analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given 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 was Friday, May 23rd. CRH’s dividend payout ratio is presently 23.52%.

CRH Profile

(Free Report)

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.

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