CastleKnight Management LP decreased its position in shares of CRH plc (NYSE:CRH - Free Report) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,400 shares of the construction company's stock after selling 3,200 shares during the quarter. CastleKnight Management LP's holdings in CRH were worth $592,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CRH. Heck Capital Advisors LLC acquired a new stake in CRH during the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. lifted its position in CRH by 214.3% during the fourth 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 during the period. Whipplewood Advisors LLC purchased a new stake in CRH in the fourth quarter valued at $38,000. Deseret Mutual Benefit Administrators grew its position in CRH by 87.7% during the 4th 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 period. Finally, GeoWealth Management LLC raised its stake in shares of CRH by 46.3% during the 4th quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock valued at $52,000 after buying an additional 177 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 recently commented on CRH. JPMorgan Chase & Co. dropped their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Loop Capital started coverage on shares of CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price for the company. 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. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Finally, Berenberg Bank set a $120.00 price target on CRH in a research report on Friday, February 28th. Eleven equities research 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, CRH presently has a consensus rating of "Buy" and a consensus target price of $112.36.
Get Our Latest Research Report on CRH
CRH Stock Performance
Shares of CRH stock opened at $94.08 on Wednesday. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The firm has a market capitalization of $63.62 billion, a P/E ratio of 18.82, a PEG ratio of 1.15 and a beta of 1.33. The stock's fifty day moving average is $91.79 and its two-hundred day moving average is $96.13.
CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $6.77 billion. On average, equities analysts forecast that CRH plc will post 5.47 earnings per share for the current year.
CRH Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. CRH's dividend payout ratio is presently 22.66%.
CRH Profile
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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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