Dupont Capital Management Corp decreased its holdings in shares of CRH PLC (NYSE:CRH - Free Report) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,951 shares of the construction company's stock after selling 9,073 shares during the period. Dupont Capital Management Corp's holdings in CRH were worth $9,760,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new position in shares of CRH in the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC bought a new stake in CRH in the fourth quarter valued at $32,000. Park Square Financial Group LLC acquired a new position in CRH during the fourth quarter worth $32,000. Brown Brothers Harriman & Co. lifted its holdings in shares of CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after acquiring an additional 240 shares during the period. Finally, Colonial Trust Co SC bought a new position in shares of CRH during the fourth quarter valued at $37,000. 62.50% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on CRH shares. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Berenberg Bank set a $120.00 price objective on shares of CRH in a report on Friday, February 28th. Royal Bank Of Canada cut 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, Wall Street Zen upgraded CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CRH presently has an average rating of "Buy" and a consensus price target of $114.18.
Check Out Our Latest Analysis on CRH
CRH Price Performance
Shares of CRH stock traded down $0.92 during trading hours on Friday, reaching $88.11. 8,113,932 shares of the company were exchanged, compared to its average volume of 5,105,303. CRH PLC has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock's fifty day moving average is $92.31 and its two-hundred day moving average is $94.95. The company has a market cap of $59.53 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 1.34 and a beta of 1.28.
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). The company had revenue of $6.76 billion during 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%. On average, research analysts anticipate that CRH PLC will post 5.47 earnings per share for the current year.
CRH Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, May 23rd. CRH's dividend payout ratio (DPR) is presently 23.52%.
CRH Company Profile
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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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