TD Asset Management Inc Acquires 75,622 Shares of Crh Plc (NYSE:CRH)

Key Points

• TD Asset Management Inc increased its holdings in CRH Plc by 2.1%, acquiring an additional 75,622 shares during the first quarter, bringing their total ownership to approximately 0.55% worth $327.9 million.
• CRH recently declared a quarterly dividend of $0.37 per share, resulting in an annualized dividend of $1.48 with a yield of 1.48% and a payout ratio of 23.52%.
• The company reported a quarterly loss of $0.12 EPS, which was below analysts' expectations, alongside revenues of $6.76 billion against an estimate of $6.77 billion.

TD Asset Management Inc grew its position in shares of Crh Plc (NYSE:CRH - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,729,716 shares of the construction company's stock after buying an additional 75,622 shares during the period. TD Asset Management Inc owned approximately 0.55% of CRH worth $327,911,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CRH. Orion Capital Management LLC acquired a new stake in CRH in the fourth quarter valued at about $28,000. Park Square Financial Group LLC acquired a new stake in shares of CRH during the fourth quarter valued at about $32,000. Heck Capital Advisors LLC acquired a new position in shares of CRH in the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. lifted its stake in shares of CRH by 214.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after acquiring an additional 240 shares during the period. Finally, Colonial Trust Co SC acquired a new position in shares of CRH in the fourth quarter worth approximately $37,000. Institutional investors own 62.50% of the company's stock.

CRH Price Performance

Shares of NYSE:CRH traded up $0.69 on Wednesday, hitting $97.93. The company's stock had a trading volume of 1,006,276 shares, compared to its average volume of 5,655,479. The company has a 50-day simple moving average of $93.17 and a 200 day simple moving average of $94.76. Crh Plc has a 1 year low of $74.03 and a 1 year high of $110.97. The company has a market capitalization of $66.17 billion, a PE ratio of 20.75, a PEG ratio of 1.55 and a beta of 1.26.

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

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid 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 1.51%. CRH's dividend payout ratio (DPR) is currently 23.52%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Sanford C. Bernstein started coverage on CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target for the company. Loop Capital initiated coverage on CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target for the company. Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Finally, DA Davidson restated a "neutral" rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Two 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. According to data from MarketBeat, CRH has an average rating of "Moderate Buy" and a consensus target price of $112.82.

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.