KBC Group NV lessened its stake in Crh Plc (NYSE:CRH - Free Report) by 28.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 934,339 shares of the construction company's stock after selling 375,838 shares during the period. KBC Group NV owned about 0.14% of CRH worth $82,194,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in CRH. Private Advisor Group LLC increased its stake in shares of CRH by 5.7% in the fourth quarter. Private Advisor Group LLC now owns 6,760 shares of the construction company's stock worth $625,000 after buying an additional 362 shares during the last quarter. IFP Advisors Inc increased its stake in shares of CRH by 91.8% in the fourth quarter. IFP Advisors Inc now owns 1,592 shares of the construction company's stock worth $147,000 after buying an additional 762 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of CRH in the fourth quarter worth $683,000. Whipplewood Advisors LLC bought a new stake in shares of CRH in the fourth quarter worth $38,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of CRH in the fourth quarter worth $69,000. Institutional investors own 62.50% of the company's stock.
Analyst Upgrades and Downgrades
CRH has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Royal Bank Of Canada lowered their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CRH presently has an average rating of "Buy" and an average target price of $114.18.
Check Out Our Latest Stock Report on CRH
CRH Stock Performance
Shares of CRH stock traded up $2.45 during trading on Friday, hitting $91.52. 6,725,847 shares of the stock were exchanged, compared to its average volume of 4,950,368. The stock's fifty day moving average is $92.80 and its 200 day moving average is $94.58. The stock has a market cap of $61.83 billion, a PE ratio of 19.39, a P/E/G ratio of 1.39 and a beta of 1.28. 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 released 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). The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. Sell-side analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.
CRH Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, May 23rd. CRH's payout ratio is currently 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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