Cwm LLC Has $2.09 Million Position in Crh Plc (NYSE:CRH)

CWM LLC increased its position in shares of Crh Plc (NYSE:CRH - Free Report) by 56.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,703 shares of the construction company's stock after acquiring an additional 8,515 shares during the quarter. CWM LLC's holdings in CRH were worth $2,085,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CRH. Norges Bank acquired a new position in CRH in the 4th quarter valued at approximately $1,391,245,000. FMR LLC increased its stake 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 purchasing an additional 4,687,345 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock worth $1,553,194,000 after purchasing an additional 2,437,868 shares during the last quarter. Deutsche Bank AG increased its stake in shares of CRH by 72.2% during the 4th quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock worth $436,472,000 after purchasing an additional 1,978,225 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of CRH by 931.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,977,992 shares of the construction company's stock worth $183,004,000 after purchasing an additional 1,786,189 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Stock Up 1.1%

CRH stock traded up $1.03 during midday trading on Friday, hitting $93.97. 3,778,516 shares of the stock were exchanged, compared to its average volume of 4,869,901. The company has a fifty day simple moving average of $93.31 and a two-hundred day simple moving average of $94.54. Crh Plc has a 52 week low of $74.03 and a 52 week high of $110.97. The stock has a market capitalization of $63.49 billion, a PE ratio of 19.91, a P/E/G ratio of 1.47 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data 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). CRH had a return on equity of 15.88% and a net margin of 9.17%. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. As a group, equities research analysts anticipate that Crh Plc will post 5.47 EPS 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. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Friday, May 23rd. CRH's payout ratio is currently 23.52%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Loop Capital assumed coverage on shares of CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price on the stock. Royal Bank Of Canada reduced their price objective on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Sanford C. Bernstein initiated coverage on shares of CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price for the company. 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 report on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CRH has a consensus rating of "Moderate Buy" and an average target price of $112.82.

CRH Profile

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.