AustralianSuper Pty Ltd purchased a new position in shares of Crh Plc (NYSE:CRH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 49,043 shares of the construction company's stock, valued at approximately $4,314,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC raised its holdings in CRH by 5.0% in the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock worth $240,000 after purchasing an additional 123 shares during the period. Covestor Ltd grew its holdings in CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after purchasing an additional 128 shares during the period. Yousif Capital Management LLC grew its holdings in CRH by 1.7% in the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after purchasing an additional 139 shares during the period. Fifth Third Bancorp grew its holdings in CRH by 0.9% in the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after purchasing an additional 140 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in CRH by 1.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 10,387 shares of the construction company's stock valued at $914,000 after purchasing an additional 141 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.
CRH Stock Performance
Shares of NYSE:CRH opened at $93.97 on Friday. The company has a 50-day simple moving average of $93.31 and a 200-day simple moving average of $94.54. Crh Plc has a one year low of $74.03 and a one year high of $110.97. The stock has a market capitalization of $63.49 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.47 and a beta of 1.26.
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 (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. As a group, research analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.
CRH Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were issued a $0.37 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. CRH's dividend payout ratio (DPR) is presently 23.52%.
Analyst Ratings Changes
Several analysts have commented on CRH shares. Loop Capital initiated coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. Sanford C. Bernstein initiated coverage on shares of CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target on the stock. DA Davidson reaffirmed a "neutral" rating and set a $105.00 price target (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, Morgan Stanley restated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.82.
View 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.
Further Reading
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