DAVENPORT & Co LLC Purchases 9,771 Shares of Crh Plc (NYSE:CRH)

DAVENPORT & Co LLC raised its holdings in Crh Plc (NYSE:CRH - Free Report) by 21.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,515 shares of the construction company's stock after purchasing an additional 9,771 shares during the quarter. DAVENPORT & Co LLC's holdings in CRH were worth $4,884,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Summit Trail Advisors LLC boosted its holdings in shares of CRH by 119.1% during the 1st quarter. Summit Trail Advisors LLC now owns 4,904 shares of the construction company's stock valued at $433,000 after acquiring an additional 2,666 shares in the last quarter. Alta Advisers Ltd boosted its holdings in shares of CRH by 57.6% during the 1st quarter. Alta Advisers Ltd now owns 3,558 shares of the construction company's stock valued at $313,000 after acquiring an additional 1,300 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of CRH by 44.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock valued at $64,000 after acquiring an additional 225 shares in the last quarter. Hillman Co. boosted its holdings in shares of CRH by 8.0% during the 1st quarter. Hillman Co. now owns 273,452 shares of the construction company's stock valued at $24,056,000 after acquiring an additional 20,300 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in shares of CRH during the 1st quarter valued at $598,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CRH shares. Morgan Stanley reissued an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Loop Capital started coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price for the company. JPMorgan Chase & Co. lowered their target price on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Sanford C. Bernstein started coverage on CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price for the company. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CRH presently has an average rating of "Buy" and an average price target of $114.18.

CRH Stock Performance

Shares of CRH stock traded down $0.61 during mid-day trading on Monday, hitting $94.33. The company's stock had a trading volume of 2,804,412 shares, compared to its average volume of 4,924,391. The company's fifty day simple moving average is $93.42 and its 200-day simple moving average is $94.49. Crh Plc has a 52 week low of $74.02 and a 52 week high of $110.97. The company has a market cap of $63.73 billion, a PE ratio of 19.99, a P/E/G ratio of 1.46 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last posted 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 business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. On average, equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given 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 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.