DekaBank Deutsche Girozentrale Acquires 277,839 Shares of Crh Plc (NYSE:CRH)

DekaBank Deutsche Girozentrale boosted its position in Crh Plc (NYSE:CRH - Free Report) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,075,965 shares of the construction company's stock after purchasing an additional 277,839 shares during the period. CRH comprises 0.7% of DekaBank Deutsche Girozentrale's portfolio, making the stock its 25th biggest holding. DekaBank Deutsche Girozentrale owned about 0.60% of CRH worth $354,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd lifted its stake in shares of CRH by 20.4% during the 4th quarter. Covestor Ltd now owns 755 shares of the construction company's stock worth $70,000 after purchasing an additional 128 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of CRH by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock worth $630,000 after buying an additional 129 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in CRH by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock valued at $405,000 after purchasing an additional 136 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in CRH by 1.7% in the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after purchasing an additional 139 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in CRH by 0.9% in the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after purchasing an additional 140 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price objective 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. Sanford C. Bernstein initiated coverage on shares of CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price on the stock. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada lowered their price target on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CRH has a consensus rating of "Buy" and an average price target of $114.18.

CRH Stock Performance

Shares of CRH stock traded up $0.35 during trading on Tuesday, reaching $94.69. The company had a trading volume of 2,980,185 shares, compared to its average volume of 4,916,644. The company has a market cap of $63.98 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26. The firm's fifty day moving average is $93.42 and its 200-day moving average is $94.49. Crh Plc has a fifty-two week low of $74.02 and a fifty-two week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $6.77 billion. CRH had a net margin of 9.17% and a return on equity of 15.88%. On average, research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. CRH's dividend payout ratio (DPR) is presently 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.