Asset Management One Co. Ltd. Has $22.66 Million Stock Position in Crh Plc (NYSE:CRH)

Asset Management One Co. Ltd. increased its holdings in Crh Plc (NYSE:CRH - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,574 shares of the construction company's stock after acquiring an additional 11,685 shares during the period. Asset Management One Co. Ltd.'s holdings in CRH were worth $22,659,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CRH. Orion Capital Management LLC purchased a new stake in shares of CRH in the fourth quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new position in CRH in the 4th quarter valued at approximately $32,000. Park Square Financial Group LLC purchased a new stake in CRH in the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. boosted its stake in shares of CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after buying an additional 240 shares during the period. Finally, Colonial Trust Co SC acquired a new stake in shares of CRH during the 4th quarter valued at $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.6%

CRH traded up $0.51 during trading on Thursday, hitting $89.18. The stock had a trading volume of 5,252,266 shares, compared to its average volume of 5,089,447. The firm has a market cap of $60.25 billion, a PE ratio of 18.89, a P/E/G ratio of 1.39 and a beta of 1.28. Crh Plc has a 12 month low of $71.18 and a 12 month high of $110.97. The company has a 50 day simple moving average of $92.58 and a 200-day simple moving average of $94.74.

CRH (NYSE:CRH - Get Free Report) last posted 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). CRH had a return on equity of 15.88% and a net margin of 9.17%. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. As a group, sell-side analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a $0.37 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. CRH's payout ratio is 23.52%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank Of Canada lowered their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Sanford C. Bernstein started coverage on shares of CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price objective on the stock. Berenberg Bank set a $120.00 target price on shares of CRH in a research report on Friday, February 28th. Finally, Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $114.18.

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.