California State Teachers Retirement System Boosts Position in Crh Plc $CRH

California State Teachers Retirement System grew its holdings in Crh Plc (NYSE:CRH - Free Report) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 779,081 shares of the construction company's stock after acquiring an additional 2,291 shares during the period. California State Teachers Retirement System owned about 0.12% of CRH worth $83,361,667 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in CRH by 67.3% during the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company's stock worth $1,827,252,000 after acquiring an additional 5,916,930 shares in the last quarter. Norges Bank acquired a new position in CRH during the 4th quarter valued at about $1,476,939,000. Royal Bank of Canada grew its stake in shares of CRH by 2.5% during the 4th quarter. Royal Bank of Canada now owns 10,808,439 shares of the construction company's stock worth $1,348,894,000 after acquiring an additional 262,175 shares in the last quarter. Capital World Investors raised its position in shares of CRH by 23.7% in the fourth quarter. Capital World Investors now owns 6,155,899 shares of the construction company's stock valued at $768,300,000 after buying an additional 1,178,352 shares in the last quarter. Finally, Amundi raised its holdings 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. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CRH. Stephens reduced their price objective on shares of CRH from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Morgan Stanley started coverage on CRH in a research note on Friday. They issued an "overweight" rating and a $139.00 price objective for the company. DA Davidson initiated coverage on shares of CRH in a report on Monday, August 24th. They issued a "buy" rating and a $137.00 price objective on the stock. Berenberg Bank set a $140.00 price objective on CRH in a research note on Tuesday, September 8th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of CRH in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, CRH currently has a consensus rating of "Buy" and an average price target of $139.57.

CRH Trading Down 0.4%

NYSE CRH traded down $0.35 on Tuesday, hitting $88.63. The company's stock had a trading volume of 2,012,228 shares, compared to its average volume of 4,845,263. Crh Plc has a 52-week low of $86.84 and a 52-week high of $131.55. The firm has a market cap of $58.96 billion, a P/E ratio of 15.63, a PEG ratio of 1.61 and a beta of 1.33. The company's 50-day simple moving average is $97.61 and its 200 day simple moving average is $104.94.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%.The firm had revenue of $10.78 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same period in the prior year, the business posted $1.94 EPS. The firm's quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts forecast that Crh Plc will post 5.9 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, August 14th. CRH's dividend payout ratio (DPR) is presently 27.51%.

About CRH

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its offerings include aggregates, cement, ready-mixed concrete, asphalt, architectural products, precast concrete and other construction-related materials and services.

The company serves customers across North America and Europe, with operations spanning construction materials, infrastructure products and building solutions. CRH supports projects such as roads, bridges, airports, utilities, commercial buildings and residential developments.

CRH was formed in 1970 through the merger of Cement Limited and Roadstone, two Irish building materials businesses.

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