Crh Plc $CRH Stock Position Increased by Pacific Capital Partners Ltd

Pacific Capital Partners Ltd raised its stake in shares of Crh Plc (NYSE:CRH) by 47.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,750 shares of the construction company’s stock after purchasing an additional 14,000 shares during the period. CRH accounts for approximately 5.8% of Pacific Capital Partners Ltd’s holdings, making the stock its 5th biggest position. Pacific Capital Partners Ltd’s holdings in CRH were worth $5,460,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CRH. JFS Wealth Advisors LLC boosted its stake in CRH by 12.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after buying an additional 86 shares during the last quarter. L2 Asset Management LLC raised its holdings in shares of CRH by 3.0% during the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after acquiring an additional 89 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of CRH by 34.8% during the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of CRH by 2.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after acquiring an additional 96 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Longbow Research initiated coverage on shares of CRH in a research report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research note on Monday, December 1st. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Citigroup increased their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Wells Fargo & Company lifted their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

CRH Trading Down 0.1%

Shares of CRH opened at $101.64 on Tuesday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55. The company has a market cap of $67.92 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.78 and a beta of 1.33. The company’s fifty day simple moving average is $115.91 and its 200-day simple moving average is $118.20.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The firm had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior year, the firm posted $1.02 earnings per share. CRH’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be issued a $0.39 dividend. The ex-dividend date is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is currently 28.26%.

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.