111 Capital Makes New $372,000 Investment in CRH plc (NYSE:CRH)

111 Capital purchased a new stake in CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,026 shares of the construction company's stock, valued at approximately $372,000.

Several other hedge funds have also recently bought and sold shares of CRH. Orion Capital Management LLC purchased a new stake in shares of CRH during the fourth quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new stake in shares of CRH during the fourth quarter valued at approximately $32,000. Park Square Financial Group LLC purchased a new stake in shares of CRH during the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. raised its stake in shares of 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. Finally, Colonial Trust Co SC purchased a new stake in shares of CRH during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analysts Set New Price Targets

CRH has been the topic of a number of analyst reports. Berenberg Bank set a $120.00 price objective on shares of CRH in a research note on Friday, February 28th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Royal Bank of Canada dropped their price objective on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. One research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $112.58.

CRH Stock Performance

Shares of CRH stock traded up $0.08 during mid-day trading on Tuesday, reaching $91.07. 3,891,049 shares of the company were exchanged, compared to its average volume of 5,572,289. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The company has a market capitalization of $61.53 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.15 and a beta of 1.33. The business's 50 day simple moving average is $90.86 and its 200 day simple moving average is $95.92.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 16.35% and a net margin of 9.86%. On average, analysts forecast that CRH plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, May 23rd. CRH's dividend payout ratio is presently 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.