Korea Investment CORP Has $43.33 Million Stake in Crh Plc $CRH

Key Points

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Korea Investment CORP grew its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 8.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 492,597 shares of the construction company's stock after acquiring an additional 39,459 shares during the period. Korea Investment CORP owned about 0.07% of CRH worth $43,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CRH. PEAK6 LLC acquired a new stake in shares of CRH during the 4th quarter valued at $978,000. NewEdge Advisors LLC lifted its position in shares of CRH by 349.0% during the 4th 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 shares of CRH by 46.3% during 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CRH by 92.1% during 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 during the last quarter. Finally, Capital World Investors lifted its position in shares of CRH by 0.6% during the 4th quarter. Capital World Investors now owns 2,839,561 shares of the construction company's stock valued at $262,714,000 after acquiring an additional 17,918 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Performance

Shares of NYSE:CRH traded up $2.5360 during midday trading on Friday, hitting $113.2560. 2,965,952 shares of the stock were exchanged, compared to its average volume of 4,818,760. Crh Plc has a 52-week low of $76.75 and a 52-week high of $113.95. The business's fifty day simple moving average is $98.10 and its two-hundred day simple moving average is $95.82. The company has a market capitalization of $76.18 billion, a PE ratio of 23.69, a P/E/G ratio of 1.42 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.68% and a net margin of 9.09%.The firm had revenue of $10.21 billion for the quarter, compared to analysts' expectations of $10.27 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. CRH's revenue was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate 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. Investors of record on Friday, August 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 22nd. CRH's dividend payout ratio (DPR) is currently 23.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Friday, August 8th. Vertical Research upgraded CRH to a "strong-buy" rating in a report on Friday, August 1st. DA Davidson restated a "neutral" rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Sanford C. Bernstein assumed coverage on CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Finally, The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, CRH has an average 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.