Advanced Portfolio Management LLC Purchases New Position in CRH plc (NYSE:CRH)

Advanced Portfolio Management LLC purchased a new stake in shares of CRH plc (NYSE:CRH - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 32,000 shares of the construction company's stock, valued at approximately $2,961,000. CRH makes up approximately 3.5% of Advanced Portfolio Management LLC's investment portfolio, making the stock its 10th biggest position.

Other hedge funds also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in CRH during the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. boosted its position in shares of CRH by 214.3% during 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 in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of CRH in the 4th quarter worth approximately $38,000. Deseret Mutual Benefit Administrators lifted its stake in CRH by 87.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after purchasing an additional 236 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in CRH by 46.3% during the fourth quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock worth $52,000 after buying an additional 177 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 2.3 %

Shares of NYSE:CRH traded down $2.20 during trading on Wednesday, reaching $91.75. The stock had a trading volume of 8,986,163 shares, compared to its average volume of 5,793,559. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The stock has a fifty day simple moving average of $91.79 and a two-hundred day simple moving average of $96.13. The firm has a market capitalization of $62.05 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.15 and a beta of 1.33.

CRH (NYSE:CRH - Get Free Report) last issued 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 16.35% and a net margin of 9.86%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. On average, analysts forecast that CRH plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, May 23rd. CRH's dividend payout ratio is presently 22.66%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of recent research reports. Loop Capital assumed coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. Berenberg Bank set a $120.00 price target on CRH in a research report on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Finally, 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. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $112.36.

CRH Profile

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.