Brown Advisory Inc. Has $25.79 Million Holdings in Crh Plc (NYSE:CRH)

Brown Advisory Inc. grew its holdings in Crh Plc (NYSE:CRH - Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 293,170 shares of the construction company's stock after purchasing 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 reporting period.

Several other hedge funds also recently modified their holdings of CRH. Proficio Capital Partners LLC bought a new position in shares of CRH in the 4th quarter valued at about $69,000. Jones Financial Companies Lllp raised its position in shares of CRH by 37.5% in the 4th quarter. Jones Financial Companies Lllp now owns 4,196 shares of the construction company's stock valued at $388,000 after acquiring an additional 1,144 shares during the period. Assetmark Inc. raised its position in shares of CRH by 32.8% in the 4th quarter. Assetmark Inc. now owns 2,122 shares of the construction company's stock valued at $196,000 after acquiring an additional 524 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of CRH in the 4th quarter valued at approximately $41,407,000. Finally, PNC Financial Services Group Inc. raised its position in shares of CRH by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,002 shares of the construction company's stock valued at $1,018,000 after acquiring an additional 700 shares during the period. Institutional investors own 62.50% of the company's stock.

CRH Price Performance

Shares of CRH traded down $0.70 during mid-day trading on Friday, hitting $95.19. 2,318,304 shares of the company's stock were exchanged, compared to its average volume of 4,880,017. The company has a market cap of $64.32 billion, a PE ratio of 20.17, a P/E/G ratio of 1.49 and a beta of 1.26. Crh Plc has a 52 week low of $74.03 and a 52 week high of $110.97. The company has a 50-day simple moving average of $93.39 and a 200 day simple moving average of $94.52.

CRH (NYSE:CRH - Get Free Report) last released 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). CRH had a net margin of 9.17% and a return on equity of 15.88%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. On average, analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, May 23rd. CRH's dividend payout ratio is currently 23.52%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRH. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Sanford C. Bernstein began coverage on shares of CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target on the stock. Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Loop Capital began coverage on shares of CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price on the stock. Finally, DA Davidson restated a "neutral" rating and set a $105.00 target price (down from $120.00) on shares of CRH in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.82.

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.