1832 Asset Management L.P. Has $205.34 Million Holdings in Crh Plc $CRH

Key Points

• 1832 Asset Management L.P. increased its holdings in CRH Plc by 200.9% during the first quarter, acquiring an additional 1,558,590 shares and bringing its total ownership to 2,334,237 shares worth $205,343,000.
• CRH has a current market cap of $74.44 billion and reported $1.94 earnings per share (EPS) for the last quarter, which was below analysts' estimates.
• The company recently announced a quarterly dividend of $0.37 per share, reflecting an annualized yield of 1.3%, with a dividend payout ratio of 23.22%.

1832 Asset Management L.P. lifted its stake in Crh Plc (NYSE:CRH - Free Report) by 200.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,334,237 shares of the construction company's stock after purchasing an additional 1,558,590 shares during the period. 1832 Asset Management L.P. owned 0.35% of CRH worth $205,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its stake in CRH by 349.0% in the fourth quarter. NewEdge Advisors LLC now owns 3,354 shares of the construction company's stock valued at $310,000 after acquiring an additional 2,607 shares during the last quarter. GeoWealth Management LLC lifted its position in CRH by 46.3% in the 4th quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock valued at $52,000 after acquiring an additional 177 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CRH by 92.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,830,255 shares of the construction company's stock valued at $169,334,000 after acquiring an additional 877,386 shares in the last quarter. MML Investors Services LLC increased its stake in CRH by 14.9% in the 4th quarter. MML Investors Services LLC now owns 40,635 shares of the construction company's stock valued at $3,760,000 after buying an additional 5,277 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in CRH by 2,029.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,077 shares of the construction company's stock valued at $1,672,000 after buying an additional 17,228 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Price Performance

CRH stock traded up $2.5360 during trading on Friday, reaching $113.2560. 2,965,952 shares of the company were exchanged, compared to its average volume of 4,527,532. Crh Plc has a twelve month low of $76.75 and a twelve month high of $113.95. The company has a 50-day moving average of $98.10 and a two-hundred day moving average of $95.72. The company has a market capitalization of $76.18 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 1.46 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last announced 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). CRH had a net margin of 9.09% and a return on equity of 15.68%. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same quarter last year, the company posted $1.88 earnings per share. The company's revenue was up 5.7% compared to the same quarter last year. On average, analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. CRH's dividend payout ratio is 23.22%.

Wall Street Analyst Weigh In

CRH has been the topic of several recent analyst reports. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Friday, August 8th. DA Davidson restated a "neutral" rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Vertical Research upgraded shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $113.18.

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.