Crh Plc (NYSE:CRH) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. grew its stake in Crh Plc (NYSE:CRH - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 293,170 shares of the construction company's stock after purchasing an additional 17,004 shares during the period. Brown Advisory Inc.'s holdings in CRH were worth $25,790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in CRH in the 4th quarter valued at $1,391,245,000. FMR LLC lifted its holdings in CRH by 13.0% during the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after purchasing an additional 4,687,345 shares in the last quarter. Franklin Resources Inc. grew its position in shares of CRH by 17.0% in the fourth quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock valued at $1,553,194,000 after purchasing an additional 2,437,868 shares during the period. Deutsche Bank AG increased its stake in shares of CRH by 72.2% during the fourth quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock worth $436,472,000 after purchasing an additional 1,978,225 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in shares of 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 worth $183,004,000 after purchasing an additional 1,786,189 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Price Performance

Shares of NYSE:CRH opened at $96.35 on Thursday. The firm has a market capitalization of $65.10 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.26. Crh Plc has a 1 year low of $74.03 and a 1 year high of $110.97. The firm's 50-day moving average is $93.46 and its two-hundred day moving average is $94.50.

CRH (NYSE:CRH - Get Free Report) last announced its 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 business had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. Analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were issued 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 1.54%. CRH's dividend payout ratio (DPR) is presently 23.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CRH shares. Loop Capital assumed coverage on shares of CRH in a research note on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price on the stock. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Sanford C. Bernstein began coverage on CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price on the stock. Finally, Royal Bank Of Canada dropped their price target on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $114.18.

CRH Company 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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