Crh Plc (NYSE:CRH) Shares Acquired by TCW Group Inc.

Key Points

• TCW Group Inc. has increased its holdings in CRH Plc by 13.3%, now owning 53,033 shares valued at approximately $4.67 million.
• The company has a consensus rating of "Moderate Buy" with an average target price of $112.82, following recent analyst evaluations.
• CRH reported a net loss of ($0.12) per share for the last quarter, falling short of the consensus estimate, while achieving revenue of $6.76 billion.

TCW Group Inc. increased its position in shares of Crh Plc (NYSE:CRH - Free Report) by 13.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,033 shares of the construction company's stock after purchasing an additional 6,232 shares during the quarter. TCW Group Inc.'s holdings in CRH were worth $4,665,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its position in shares of CRH by 19.6% in the 1st quarter. LPL Financial LLC now owns 199,756 shares of the construction company's stock worth $17,573,000 after buying an additional 32,681 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CRH by 74.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 835,377 shares of the construction company's stock worth $72,351,000 after acquiring an additional 355,939 shares during the period. TD Asset Management Inc lifted its holdings in CRH by 2.1% in the first quarter. TD Asset Management Inc now owns 3,729,716 shares of the construction company's stock worth $327,911,000 after acquiring an additional 75,622 shares during the last quarter. HB Wealth Management LLC boosted its stake in CRH by 3.6% in the first quarter. HB Wealth Management LLC now owns 111,353 shares of the construction company's stock valued at $9,796,000 after acquiring an additional 3,900 shares during the period. Finally, Mediolanum International Funds Ltd boosted its stake in CRH by 27.1% in the first quarter. Mediolanum International Funds Ltd now owns 393,419 shares of the construction company's stock valued at $34,676,000 after acquiring an additional 83,931 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analyst Weigh In

CRH has been the topic of a number of research reports. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. DA Davidson restated a "neutral" rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Royal Bank Of Canada cut their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Sanford C. Bernstein initiated coverage on shares of CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target for the company. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, CRH presently has a consensus rating of "Moderate Buy" and an average target price of $112.82.

CRH Stock Up 3.0%

Shares of NYSE CRH opened at $100.07 on Monday. The stock has a market cap of $67.61 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.58 and a beta of 1.26. The firm's 50-day simple moving average is $93.16 and its 200 day simple moving average is $94.69. Crh Plc has a fifty-two week low of $74.03 and a fifty-two week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported ($0.12) EPS 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 net margin of 9.17% and a return on equity of 15.88%. On average, sell-side analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.48%. CRH's dividend payout ratio (DPR) is 23.52%.

About CRH

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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