Crh Plc (NYSE:CRH) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Crh Plc (NYSE:CRH - Free Report) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,830,489 shares of the construction company's stock after acquiring an additional 221,038 shares during the period. Bank of New York Mellon Corp owned approximately 1.31% of CRH worth $776,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CRH. Norges Bank purchased a new stake in CRH during the 4th quarter valued at $1,391,245,000. FMR LLC raised its holdings in CRH by 13.0% during the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after buying an additional 4,687,345 shares during the period. Franklin Resources Inc. raised its holdings in CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock valued at $1,553,194,000 after buying an additional 2,437,868 shares during the period. Deutsche Bank AG raised its holdings in CRH by 72.2% during the 4th quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock valued at $436,472,000 after buying an additional 1,978,225 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in CRH by 931.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,977,992 shares of the construction company's stock valued at $183,004,000 after buying an additional 1,786,189 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

CRH stock traded up $0.78 during trading on Friday, reaching $95.25. 2,931,812 shares of the company traded hands, compared to its average volume of 4,932,905. Crh Plc has a 12 month low of $74.02 and a 12 month high of $110.97. The business has a 50 day simple moving average of $93.39 and a 200 day simple moving average of $94.48. The company has a market capitalization of $64.36 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. CRH had a net margin of 9.17% and a return on equity of 15.88%. As a group, research analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Friday, May 23rd. CRH's dividend payout ratio is presently 23.52%.

Analyst Ratings Changes

Several equities analysts have commented on CRH shares. JPMorgan Chase & Co. cut their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Sanford C. Bernstein started coverage on CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective on the stock. Royal Bank Of Canada cut their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $114.18.

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.