Brown Advisory Inc. lifted its holdings in Crh Plc (NYSE:CRH - Free Report) by 6.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 293,170 shares of the construction company's stock after buying an additional 17,004 shares during the quarter. Brown Advisory Inc.'s holdings in CRH were worth $25,790,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Covestor Ltd raised its holdings in shares of CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after buying an additional 128 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of CRH by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after buying an additional 129 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in CRH by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock valued at $405,000 after buying an additional 136 shares during the period. Yousif Capital Management LLC lifted its stake in CRH by 1.7% in the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after buying an additional 139 shares during the period. Finally, Fifth Third Bancorp lifted its stake in CRH by 0.9% in the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after buying an additional 140 shares during the period. 62.50% of the stock is owned by institutional investors.
CRH Stock Performance
CRH stock traded down $0.49 during midday trading on Thursday, reaching $95.98. The stock had a trading volume of 3,676,061 shares, compared to its average volume of 4,911,924. The firm's fifty day simple moving average is $93.46 and its 200-day simple moving average is $94.50. Crh Plc has a 1-year low of $74.03 and a 1-year high of $110.97. The stock has a market capitalization of $64.85 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.26.
CRH (NYSE:CRH - Get Free Report) last issued 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). CRH had a return on equity of 15.88% and a net margin of 9.17%. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.54%. CRH's dividend payout ratio is currently 23.52%.
Wall Street Analyst Weigh In
CRH has been the subject of a number of analyst reports. 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 objective for the company. Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. DA Davidson reaffirmed a "neutral" rating and set a $105.00 price target (down previously from $120.00) on shares of CRH in a research report on Thursday. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, Loop Capital started coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target on the stock. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CRH has an average rating of "Moderate Buy" and an average price target of $112.82.
View Our Latest Research Report on CRH
About CRH
(
Free Report)
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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