Morse Asset Management Inc boosted its position in shares of CRH plc (NYSE:CRH - Free Report) by 46.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,805 shares of the construction company's stock after acquiring an additional 7,240 shares during the quarter. Morse Asset Management Inc's holdings in CRH were worth $2,110,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of CRH in the fourth quarter valued at about $1,391,245,000. FMR LLC grew its holdings in shares of CRH by 13.0% during the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after purchasing an additional 4,687,345 shares during the last quarter. Franklin Resources Inc. boosted its position in CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock worth $1,553,194,000 after buying an additional 2,437,868 shares during the period. Deutsche Bank AG boosted its position in CRH by 72.2% during the 4th quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock worth $436,472,000 after buying an additional 1,978,225 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of CRH by 931.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,977,992 shares of the construction company's stock worth $183,004,000 after purchasing an additional 1,786,189 shares during the period. 62.50% of the stock is owned by institutional investors.
CRH Stock Performance
CRH traded up $1.15 on Friday, hitting $98.98. The company had a trading volume of 3,180,808 shares, compared to its average volume of 5,795,153. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The stock has a market capitalization of $66.87 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.15 and a beta of 1.33. The stock has a fifty day moving average price of $91.42 and a 200-day moving average price of $96.29.
CRH (NYSE:CRH - Get Free Report) last issued its 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 net margin of 9.86% and a return on equity of 16.35%. The firm had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.77 billion. Analysts forecast that CRH plc will post 5.47 EPS for the current fiscal year.
CRH Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, May 23rd. CRH's payout ratio is 23.52%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on CRH shares. Sanford C. Bernstein assumed coverage on shares of CRH in a research report on Tuesday. They set an "outperform" rating and a $115.00 target price on the stock. Royal Bank of Canada lowered 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. JPMorgan Chase & Co. lowered their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Finally, Loop Capital assumed coverage on shares of CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target on the stock. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CRH has a consensus rating of "Buy" and an average price target of $112.58.
Check Out Our Latest Report on CRH
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.
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