Crh Plc $CRH Shares Sold by Gallacher Capital Management LLC

by · The Cerbat Gem

Gallacher Capital Management LLC cut its stake in Crh Plc (NYSE:CRH – Free Report) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,764 shares of the construction company’s stock after selling 325 shares during the period. Gallacher Capital Management LLC’s holdings in CRH were worth $529,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Diversify Advisory Services LLC raised its holdings in CRH by 5.0% in the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after acquiring an additional 123 shares in the last quarter. Callan Family Office LLC raised its holdings in shares of CRH by 4.4% during the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock worth $270,000 after purchasing an additional 129 shares during the period. Yousif Capital Management LLC raised its holdings in shares of CRH by 1.7% during the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company’s stock worth $721,000 after purchasing an additional 139 shares during the period. Fifth Third Bancorp raised its holdings in shares of CRH by 0.9% during the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company’s stock worth $1,342,000 after purchasing an additional 140 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of CRH by 1.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 10,387 shares of the construction company’s stock worth $914,000 after purchasing an additional 141 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on CRH shares. Vertical Research raised shares of CRH to a “strong-buy” rating in a report on Friday, August 1st. DA Davidson reissued a “neutral” rating and set a $105.00 target price (down from $120.00) on shares of CRH in a report on Thursday, July 10th. JPMorgan Chase & Co. started coverage on shares of CRH in a report on Tuesday, August 26th. They set an “overweight” rating and a $130.00 target price on the stock. Morgan Stanley reissued an “overweight” rating on shares of CRH in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $112.00 price objective (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $116.00.

Read Our Latest Analysis on CRH

CRH Stock Down 0.9%

CRH stock opened at $113.44 on Monday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $114.83. The firm’s 50-day simple moving average is $104.52 and its 200 day simple moving average is $96.62. The stock has a market cap of $76.31 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31.

CRH (NYSE:CRH – Get Free Report) last announced its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. Equities analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 22nd. CRH’s dividend payout ratio is currently 23.22%.

About CRH

(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.

Featured Stories

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH – Free Report).