154,091 Crh Plc $CRH Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its position in Crh Plc (NYSE:CRH) by 95.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,571 shares of the construction company’s stock after selling 154,091 shares during the period. TD Waterhouse Canada Inc.’s holdings in CRH were worth $619,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CRH. Acorn Wealth Advisors LLC increased its position in CRH by 4.3% during the second quarter. Acorn Wealth Advisors LLC now owns 2,658 shares of the construction company’s stock worth $284,000 after buying an additional 109 shares during the period. Optas LLC boosted its holdings in shares of CRH by 4.5% in the first quarter. Optas LLC now owns 2,695 shares of the construction company’s stock valued at $283,000 after acquiring an additional 117 shares during the period. Cloverfields Capital Group LP boosted its holdings in shares of CRH by 0.3% in the first quarter. Cloverfields Capital Group LP now owns 37,937 shares of the construction company’s stock valued at $3,988,000 after acquiring an additional 117 shares during the period. Angeles Wealth Management LLC grew its position in shares of CRH by 5.9% during the second quarter. Angeles Wealth Management LLC now owns 2,312 shares of the construction company’s stock worth $247,000 after acquiring an additional 129 shares during the last quarter. Finally, Modern Wealth Management LLC grew its position in shares of CRH by 6.6% during the first quarter. Modern Wealth Management LLC now owns 2,260 shares of the construction company’s stock worth $240,000 after acquiring an additional 139 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Up 0.5%

CRH stock opened at $86.45 on Friday. Crh Plc has a twelve month low of $78.62 and a twelve month high of $131.55. The stock has a 50 day moving average of $88.09 and a two-hundred day moving average of $100.40. The stock has a market capitalization of $57.51 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.56 and a beta of 1.31.

CRH (NYSE:CRH) last released its earnings results 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 for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts predict that Crh Plc will post 5.83 earnings per share for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Friday, August 14th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 14th. CRH’s dividend payout ratio (DPR) is 27.51%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CRH shares. Stephens cut their target price on shares of CRH from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Citigroup reduced their price target on shares of CRH from $122.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Morgan Stanley started coverage on shares of CRH in a research note on Friday, September 11th. They set an “overweight” rating and a $139.00 price target for the company. Weiss Ratings downgraded shares of CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft set a $118.00 price objective on shares of CRH in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus target price of $126.50.

About CRH

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.