Crh Plc $CRH Stock Position Raised by California State Teachers Retirement System

California State Teachers Retirement System increased its position in Crh Plc (NYSE:CRH - Free Report) by 10,631.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 83,361,667 shares of the construction company's stock after purchasing an additional 82,584,877 shares during the period. California State Teachers Retirement System owned about 12.53% of CRH worth $8,919,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waddell & Associates LLC grew its holdings in shares of CRH by 3.8% during the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company's stock valued at $294,000 after buying an additional 87 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of CRH by 6.1% in the 4th quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company's stock valued at $222,000 after purchasing an additional 102 shares during the period. Bell Investment Advisors Inc lifted its position in shares of CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company's stock worth $32,000 after purchasing an additional 103 shares in the last quarter. Acorn Wealth Advisors LLC lifted its position in shares of CRH by 4.3% in the second quarter. Acorn Wealth Advisors LLC now owns 2,658 shares of the construction company's stock worth $284,000 after purchasing an additional 109 shares in the last quarter. Finally, Optas LLC boosted its holdings in shares of CRH by 4.5% during the first quarter. Optas LLC now owns 2,695 shares of the construction company's stock worth $283,000 after purchasing an additional 117 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of NYSE CRH opened at $90.58 on Wednesday. The business's 50-day simple moving average is $99.07 and its 200-day simple moving average is $105.92. Crh Plc has a 52 week low of $90.21 and a 52 week high of $131.55. The firm has a market cap of $60.26 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.71 and a beta of 1.33.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping 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 firm had revenue of $10.78 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same period in the previous year, the company earned $1.94 EPS. The company's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Crh Plc will post 5.9 earnings per share for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, August 14th. CRH's payout ratio is presently 27.51%.

Analysts Set New Price Targets

A number of research analysts recently commented on CRH shares. Berenberg Bank set a $140.00 price objective on shares of CRH in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of CRH from $135.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday, July 8th. DA Davidson assumed coverage on shares of CRH in a research note on Monday, August 24th. They set a "buy" rating and a $137.00 target price for the company. Sanford C. Bernstein restated an "outperform" rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Truist Financial dropped their price target on shares of CRH from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to data from MarketBeat.com, CRH has a consensus rating of "Buy" and an average price target of $140.54.

CRH Profile

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.

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.