Aware Super Pty Ltd as trustee of Aware Super Acquires 31,240 Shares of Crh Plc $CRH

Key Points

• Aware Super Pty Ltd significantly expanded its stake in CRH Plc by 484.1% in Q2, acquiring an additional 31,240 shares, bringing its total holdings to 37,693 shares valued at $3,460,000.
• Several institutional investors, including Ninety One UK Ltd and Hsbc Holdings PLC, have also increased their stakes in CRH, indicating strong institutional interest with 62.50% of the stock owned by institutions.
• CRH shares are currently rated as a Buy by most analysts, with a consensus price target of $126.21, despite a recent drop of 1.2% in share price.

Aware Super Pty Ltd as trustee of Aware Super boosted its holdings in Crh Plc (NYSE:CRH - Free Report) by 484.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,693 shares of the construction company's stock after purchasing an additional 31,240 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in CRH were worth $3,460,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ninety One UK Ltd lifted its holdings in shares of CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company's stock worth $288,572,000 after buying an additional 364,319 shares in the last quarter. GSA Capital Partners LLP bought a new stake in CRH in the 1st quarter valued at $744,000. Hsbc Holdings PLC lifted its stake in CRH by 100.2% in the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company's stock worth $39,318,000 after purchasing an additional 226,602 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of CRH by 43.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock valued at $906,424,000 after purchasing an additional 3,108,416 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of CRH by 27.4% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock valued at $169,000 after purchasing an additional 413 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRH. Weiss Ratings reaffirmed a "buy (b)" rating on shares of CRH in a report on Wednesday, October 8th. DA Davidson reaffirmed a "neutral" rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Sanford C. Bernstein raised their target price on shares of CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Wells Fargo & Company raised shares of CRH to a "strong-buy" rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their price objective on shares of CRH from $112.00 to $152.00 and gave the company an "outperform" rating in a research report on Wednesday, October 1st. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, CRH has a consensus rating of "Buy" and an average price target of $126.21.

CRH Stock Down 1.2%

Shares of CRH opened at $118.64 on Thursday. The company has a market cap of $79.80 billion, a PE ratio of 24.82, a P/E/G ratio of 1.70 and a beta of 1.32. The business has a fifty day moving average of $113.72 and a 200 day moving average of $99.66. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.88.

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

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 22nd. CRH's dividend payout ratio is 23.22%.

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.

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