Crh Plc $CRH Position Boosted by Coronation Fund Managers Ltd.

Key Points

• Coronation Fund Managers Ltd. has increased its stake in CRH Plc by 163.7%, owning 49,321 shares valued at approximately $4.53 million after acquiring additional shares in the second quarter.
• CRH reported quarterly earnings of $1.94 EPS, which fell short of the consensus estimate of $2.06, with revenues of $10.21 billion during the quarter.
• The company recently declared a dividend of $0.37 per share, resulting in an annualized dividend yield of 1.3%.

Coronation Fund Managers Ltd. lifted its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 163.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,321 shares of the construction company's stock after purchasing an additional 30,616 shares during the period. Coronation Fund Managers Ltd.'s holdings in CRH were worth $4,528,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CRH. Park Place Capital Corp lifted its holdings in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock worth $29,000 after acquiring an additional 115 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock worth $39,000 after acquiring an additional 208 shares during the last quarter. Ransom Advisory Ltd bought a new position in CRH in the first quarter worth about $47,000. Richardson Financial Services Inc. increased its stake in shares of CRH by 29.4% in the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company's stock valued at $63,000 after purchasing an additional 154 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its stake in shares of CRH by 44.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock valued at $64,000 after purchasing an additional 225 shares during the period. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

CRH stock opened at $117.33 on Tuesday. The firm has a market cap of $78.92 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32. Crh Plc has a 1 year low of $76.75 and a 1 year high of $121.88. The firm's 50 day moving average price is $114.28 and its two-hundred day moving average price is $100.48.

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

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd were given a $0.37 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH's payout ratio is 23.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. DA Davidson restated a "neutral" rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Morgan Stanley set a $134.00 price target on shares of CRH in a research note on Thursday, October 9th. Vertical Research upgraded shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. Bank of America began coverage on shares of CRH in a research note on Friday, September 26th. They set a "buy" rating and a $128.00 price objective on the stock. Finally, UBS Group began coverage on shares of CRH in a research note on Tuesday, October 14th. They set a "buy" rating and a $138.00 price objective on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $127.71.

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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