Crh Plc $CRH Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its CRH stake by 164.1% in the third quarter, purchasing 32,319 additional shares and bringing its total holdings to 52,016 shares valued at approximately $4.3 million.
• Institutional investors and hedge funds own 62.5% of CRH, with several major firms—including Amundi, HSBC, Janus Henderson and Engineers Gate—also raising their positions.
• CRH recently completed its approximately $8.5 billion acquisition of Arcosa, which is expected to strengthen its U.S. infrastructure exposure and support future earnings. However, JPMorgan lowered its price target to $115, while CRH shares were trading near $84.86.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 164.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,016 shares of the construction company's stock after buying an additional 32,319 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in CRH were worth $4,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Amundi raised its position in CRH by 74.7% in the 1st quarter. Amundi now owns 5,965,814 shares of the construction company's stock valued at $627,126,000 after buying an additional 2,550,178 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of CRH by 441.4% in the first quarter. Hsbc Holdings PLC now owns 1,468,493 shares of the construction company's stock valued at $154,218,000 after purchasing an additional 1,197,255 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of CRH during the first quarter valued at about $79,124,000. Janus Henderson Group PLC lifted its position in shares of CRH by 27.9% during the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company's stock valued at $228,994,000 after purchasing an additional 477,242 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in CRH by 1,838.4% during the second quarter. Engineers Gate Manager LP now owns 461,503 shares of the construction company's stock worth $49,381,000 after purchasing an additional 437,694 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH News Summary

Here are the key news stories impacting CRH this week:

• Positive Sentiment: Arcosa acquisition completed: CRH closed its purchase of Arcosa for an enterprise value of approximately $8.5 billion. The deal expands CRH’s U.S. aggregates and critical-infrastructure operations and strengthens its connected, aggregates-led portfolio. The earlier-than-expected closing is expected to provide an earnings contribution sooner than anticipated. CRH completes $8.5B acquisition of Arcosa
• Positive Sentiment: Potential earnings boost: Reports indicate the early completion of the Arcosa transaction should increase CRH’s earnings contribution from the business, while adding exposure to U.S. infrastructure and construction demand. CRH set for earnings boost from early closing of Arcosa deal
• Neutral Sentiment: Results approaching: CRH is scheduled to report its next results on October 29. Investors will likely focus on operating performance, the financial impact of Arcosa, integration progress and management’s outlook. CRH sets October 29 results date
• Negative Sentiment: JPMorgan lowers target: JPMorgan cut its CRH price target to $115 from $140. Although the revised target remains above the recent trading level, the reduction signals more cautious expectations and has pressured investor sentiment. JPMorgan cut CRH stock target

CRH Stock Performance

NYSE CRH opened at $84.86 on Monday. The company has a market capitalization of $56.45 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The company has a 50-day simple moving average of $87.84 and a 200 day simple moving average of $100.25. Crh Plc has a 52-week low of $78.62 and a 52-week high of $131.55.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%. The business had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. CRH's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts forecast that Crh Plc will post 5.83 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Friday, August 14th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, August 14th. CRH's dividend payout ratio is presently 27.51%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRH shares. Jefferies Financial Group cut their price target on shares of CRH from $159.50 to $126.50 and set a "buy" rating on the stock in a report on Monday, August 3rd. Wells Fargo & Company decreased their price objective on shares of CRH from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Citigroup dropped their target price on shares of CRH from $122.00 to $106.00 and set a "buy" rating on the stock in a research report on Friday, October 2nd. Barclays cut their target price on CRH from $131.00 to $110.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. Finally, Stephens cut their target price on CRH from $125.00 to $105.00 and set an "overweight" rating on the stock in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $126.50.

CRH Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.

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