CRH plc (NYSE:CRH) Shares Acquired by Cox Capital Mgt LLC

Cox Capital Mgt LLC raised its holdings in CRH plc (NYSE:CRH - Free Report) by 44.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,878 shares of the construction company's stock after buying an additional 7,986 shares during the period. CRH makes up approximately 1.7% of Cox Capital Mgt LLC's portfolio, making the stock its 25th largest position. Cox Capital Mgt LLC's holdings in CRH were worth $2,276,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new position in CRH during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of CRH in the 4th quarter valued at $32,000. Park Square Financial Group LLC purchased a new position in shares of CRH in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. raised its stake in CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after acquiring an additional 240 shares in the last quarter. Finally, Colonial Trust Co SC acquired a new position in CRH in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analyst Weigh In

CRH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Wall Street Zen raised CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, Sanford C. Bernstein initiated coverage on shares of CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $112.58.

CRH Price Performance

NYSE CRH traded up $0.08 on Tuesday, hitting $91.07. 3,891,049 shares of the company's stock were exchanged, compared to its average volume of 5,598,617. The firm's 50-day moving average price is $90.88 and its two-hundred day moving average price is $95.95. The firm has a market cap of $61.53 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 1.15 and a beta of 1.33. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

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 analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a net margin of 9.86% and a return on equity of 16.35%. On average, research analysts predict that CRH plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.63%. The ex-dividend date is Friday, May 23rd. CRH's dividend payout ratio (DPR) is 23.52%.

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.