Allianz Asset Management GmbH Cuts Holdings in Crh Plc (NYSE:CRH)

Allianz Asset Management GmbH trimmed its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 20.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,049,659 shares of the construction company's stock after selling 277,559 shares during the quarter. Allianz Asset Management GmbH owned 0.16% of CRH worth $92,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC grew its stake in CRH by 142,350.0% during the 4th quarter. Headlands Technologies LLC now owns 17,094 shares of the construction company's stock worth $1,582,000 after purchasing an additional 17,082 shares in the last quarter. Bornite Capital Management LP acquired a new position in shares of CRH during the 4th quarter worth about $13,878,000. FMR LLC boosted its position in shares of CRH by 13.0% during the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after acquiring an additional 4,687,345 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of CRH by 43.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock worth $906,424,000 after acquiring an additional 3,108,416 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of CRH by 27.4% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock worth $169,000 after acquiring an additional 413 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRH. Sanford C. Bernstein began coverage on CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price objective for the company. Loop Capital began coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. Royal Bank Of Canada lowered their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, Morgan Stanley reissued an "overweight" rating on shares of CRH in a research 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. According to MarketBeat.com, CRH presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.82.

CRH Stock Up 0.4%

CRH traded up $0.40 on Thursday, hitting $97.23. 1,616,407 shares of the company traded hands, compared to its average volume of 5,678,100. The company has a 50 day moving average of $93.15 and a 200-day moving average of $94.58. The stock has a market capitalization of $65.70 billion, a PE ratio of 20.62, a PEG ratio of 1.51 and a beta of 1.26. Crh Plc has a 12-month low of $74.03 and a 12-month high of $110.97.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $6.77 billion. CRH had a net margin of 9.17% and a return on equity of 15.88%. On average, research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio is presently 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.