Manning & Napier Advisors LLC decreased its position in Crh Plc (NYSE:CRH - Free Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,124 shares of the construction company's stock after selling 6,379 shares during the quarter. Manning & Napier Advisors LLC's holdings in CRH were worth $11,095,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Kentucky Retirement Systems acquired a new stake in CRH during the 1st quarter valued at $4,127,000. Guyasuta Investment Advisors Inc. grew its stake in shares of CRH by 17.4% during the first quarter. Guyasuta Investment Advisors Inc. now owns 6,125 shares of the construction company's stock valued at $539,000 after acquiring an additional 910 shares in the last quarter. Praxis Investment Management Inc. acquired a new stake in shares of CRH during the first quarter valued at about $1,601,000. Appleton Partners Inc. MA grew its stake in shares of CRH by 4.8% during the first quarter. Appleton Partners Inc. MA now owns 38,818 shares of the construction company's stock valued at $3,415,000 after acquiring an additional 1,791 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of CRH by 86.9% during the first quarter. Blue Trust Inc. now owns 2,546 shares of the construction company's stock valued at $224,000 after acquiring an additional 1,184 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
CRH Price Performance
CRH stock opened at $88.11 on Friday. The company has a market cap of $59.53 billion, a PE ratio of 18.67, a P/E/G ratio of 1.34 and a beta of 1.28. The company has a fifty day moving average price of $92.31 and a two-hundred day moving average price of $94.95. Crh Plc has a 12 month low of $71.18 and a 12 month high of $110.97.
CRH (NYSE:CRH - Get Free Report) last posted its quarterly 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 net margin of 9.17% and a return on equity of 15.88%. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. Equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.
CRH Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a $0.37 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. CRH's payout ratio is currently 23.52%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on CRH. Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. 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 note on Monday, April 14th. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $114.18.
Check Out Our Latest Stock Analysis on CRH
CRH Company Profile
(
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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