SG Americas Securities LLC reduced its position in CRH plc (NYSE:CRH - Free Report) by 67.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,586 shares of the construction company's stock after selling 285,827 shares during the quarter. SG Americas Securities LLC's holdings in CRH were worth $12,015,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Avanza Fonder AB purchased a new position in shares of CRH during the first quarter worth approximately $5,617,000. Manitou Investment Management Ltd. grew its holdings in shares of CRH by 22.3% during the 1st quarter. Manitou Investment Management Ltd. now owns 13,704 shares of the construction company's stock valued at $1,206,000 after purchasing an additional 2,501 shares during the last quarter. GAMMA Investing LLC raised its position in CRH by 27.4% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock worth $169,000 after purchasing an additional 413 shares during the period. Yousif Capital Management LLC raised its position in CRH by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock worth $721,000 after purchasing an additional 139 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its stake in CRH by 68.6% in the first quarter. Bruce G. Allen Investments LLC now owns 774 shares of the construction company's stock worth $68,000 after purchasing an additional 315 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on CRH shares. Wall Street Zen upgraded CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Sanford C. Bernstein assumed coverage on CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target on the stock. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 target price on shares of CRH in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $112.58.
Get Our Latest Analysis on CRH
CRH Price Performance
Shares of NYSE:CRH traded up $1.49 during trading hours on Thursday, hitting $92.57. 3,435,954 shares of the company's stock traded hands, compared to its average volume of 5,393,015. The business has a fifty day moving average price of $91.48 and a 200-day moving average price of $95.61. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The firm has a market capitalization of $62.54 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 1.15 and a beta of 1.28.
CRH (NYSE:CRH - Get Free Report) last announced its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a net margin of 9.86% and a return on equity of 16.35%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. As a group, equities analysts predict that CRH plc will post 5.47 earnings per share for the current year.
CRH Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.60%. CRH's payout ratio is 23.52%.
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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