Crh Plc (NYSE:CRH) is Jupiter Asset Management Ltd.'s 8th Largest Position

Key Points

• Jupiter Asset Management Ltd. has increased its stake in CRH Plc by 211.3%, making it the fund's 8th largest position, with ownership of approximately 1.2% of CRH's portfolio.
• CRH recently posted earnings of ($0.12) per share, missing estimates, with a quarterly revenue of $6.76 billion, slightly below expectations.
• Analysts have set a consensus target price of $112.82 for CRH, with a majority of ratings suggesting a Moderate Buy stance on the stock.

Jupiter Asset Management Ltd. lifted its position in Crh Plc (NYSE:CRH - Free Report) by 211.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,411,543 shares of the construction company's stock after buying an additional 958,061 shares during the period. CRH makes up about 1.2% of Jupiter Asset Management Ltd.'s portfolio, making the stock its 8th largest position. Jupiter Asset Management Ltd. owned approximately 0.21% of CRH worth $123,601,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. FMR LLC grew its holdings in CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after purchasing an additional 4,687,345 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of CRH by 43.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock worth $906,424,000 after purchasing an additional 3,108,416 shares in the last quarter. Deutsche Bank AG grew its stake in CRH by 72.2% during the 4th quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock worth $436,472,000 after buying an additional 1,978,225 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in CRH by 931.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,977,992 shares of the construction company's stock valued at $183,004,000 after buying an additional 1,786,189 shares in the last quarter. Finally, Millennium Management LLC increased its position in CRH by 43.5% during the 4th quarter. Millennium Management LLC now owns 4,813,580 shares of the construction company's stock valued at $445,352,000 after buying an additional 1,458,303 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRH. Loop Capital began coverage on CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target on the stock. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Sanford C. Bernstein began coverage on shares of CRH in a research note on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target on the stock. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada dropped their price objective on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.82.

CRH Price Performance

NYSE:CRH opened at $95.31 on Friday. The company's fifty day moving average price is $93.24 and its 200-day moving average price is $94.82. Crh Plc has a 1-year low of $74.03 and a 1-year high of $110.97. The firm has a market capitalization of $64.40 billion, a P/E ratio of 20.19, a PEG ratio of 1.23 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. Equities analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio (DPR) is currently 23.52%.

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.

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