APG Asset Management N.V. Decreases Position in Crh Plc $CRH

Key Points

• APG Asset Management N.V. reduced its stake in CRH Plc by 4.5%, holding 433,489 shares valued at approximately $35.3 million at the end of the most recent reporting period.
• Brokerages have mixed ratings for CRH, with Morgan Stanley maintaining an "overweight" rating and Royal Bank of Canada raising its price target to $112.00, while DA Davidson lowered its target to $105.00.
• CRH recently reported a Q2 EPS of $1.94, missing the consensus estimate, but announced a quarterly dividend of $0.37 per share, signifying a modest 1.3% yield.

APG Asset Management N.V. lessened its holdings in Crh Plc (NYSE:CRH - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 433,489 shares of the construction company's stock after selling 20,552 shares during the quarter. APG Asset Management N.V. owned 0.06% of CRH worth $35,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in CRH by 22.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,943 shares of the construction company's stock worth $259,000 after purchasing an additional 541 shares during the period. Groupe la Francaise raised its position in CRH by 86.5% in the 1st quarter. Groupe la Francaise now owns 1,154,803 shares of the construction company's stock worth $99,981,000 after purchasing an additional 535,474 shares during the period. 1832 Asset Management L.P. raised its position in CRH by 200.9% in the 1st quarter. 1832 Asset Management L.P. now owns 2,334,237 shares of the construction company's stock worth $205,343,000 after purchasing an additional 1,558,590 shares during the period. Compound Planning Inc. raised its position in CRH by 5.4% in the 1st quarter. Compound Planning Inc. now owns 12,770 shares of the construction company's stock worth $1,123,000 after purchasing an additional 651 shares during the period. Finally, Ameriprise Financial Inc. raised its position in CRH by 13.7% in the 1st quarter. Ameriprise Financial Inc. now owns 3,094,619 shares of the construction company's stock worth $271,981,000 after purchasing an additional 371,847 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Price Performance

NYSE:CRH traded down $0.85 during mid-day trading on Wednesday, hitting $113.42. 4,026,248 shares of the company's stock were exchanged, compared to its average volume of 5,541,451. Crh Plc has a one year low of $76.75 and a one year high of $114.40. The business has a fifty day moving average price of $99.04 and a 200 day moving average price of $95.92. The company has a market cap of $76.30 billion, a PE ratio of 23.73, a P/E/G ratio of 1.45 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a return on equity of 15.68% and a net margin of 9.09%.The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same period in the previous year, the firm earned $1.88 EPS. The company's revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH's payout ratio is presently 23.22%.

Analysts Set New Price Targets

CRH has been the topic of a number of analyst reports. JPMorgan Chase & Co. began coverage on shares of CRH in a research report on Tuesday. They issued an "overweight" rating and a $130.00 target price on the stock. DA Davidson reissued a "neutral" rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Royal Bank Of Canada reissued an "outperform" rating and issued a $112.00 price target (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. Sanford C. Bernstein began coverage on shares of CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target on the stock. Finally, Vertical Research raised shares of CRH to a "strong-buy" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $114.64.

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.