CRH plc (NYSE:CRH) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in CRH plc (NYSE:CRH - Free Report) by 72.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,717,597 shares of the construction company's stock after acquiring an additional 1,978,225 shares during the period. Deutsche Bank AG owned about 0.69% of CRH worth $436,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Heck Capital Advisors LLC acquired a new stake in CRH during the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. raised its stake in CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after acquiring an additional 240 shares in the last quarter. Colonial Trust Co SC purchased a new stake in CRH in the fourth quarter valued at $37,000. Whipplewood Advisors LLC acquired a new position in CRH in the fourth quarter valued at $38,000. Finally, Deseret Mutual Benefit Administrators grew its holdings in shares of CRH by 87.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRH. Loop Capital assumed coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price for the company. Berenberg Bank set a $120.00 price objective on CRH in a report on Friday, February 28th. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $112.36.

CRH Price Performance

CRH stock traded up $4.18 during mid-day trading on Monday, reaching $98.77. The company had a trading volume of 5,831,607 shares, compared to its average volume of 5,822,832. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The company has a market capitalization of $66.73 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.15 and a beta of 1.33. The stock's 50-day simple moving average is $91.43 and its 200-day simple moving average is $96.20.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share 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 analysts' expectations of $6.77 billion. On average, equities analysts forecast that CRH plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. CRH's dividend payout ratio (DPR) is currently 23.52%.

CRH Company 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.