Envestnet Portfolio Solutions Inc. Cuts Stake in Crh Plc (NYSE:CRH)

Envestnet Portfolio Solutions Inc. cut its holdings in Crh Plc (NYSE:CRH - Free Report) by 30.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,796 shares of the construction company's stock after selling 6,804 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in CRH were worth $1,390,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CRH. Orion Capital Management LLC acquired a new stake in shares of CRH during the 4th quarter worth $28,000. Park Square Financial Group LLC bought a new position in shares of CRH during the fourth quarter valued at $32,000. Heck Capital Advisors LLC acquired a new stake in CRH during the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. boosted its position in shares of CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after purchasing an additional 240 shares in the last quarter. Finally, Colonial Trust Co SC acquired a new position in CRH in the fourth quarter valued at approximately $37,000. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CRH has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Loop Capital started coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Royal Bank Of Canada dropped their price target on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH has a consensus rating of "Buy" and an average price target of $114.18.

CRH Stock Down 2.7%

NYSE:CRH traded down $2.47 during mid-day trading on Wednesday, hitting $89.05. 2,236,498 shares of the stock traded hands, compared to its average volume of 6,010,627. The business's 50-day moving average price is $92.51 and its 200 day moving average price is $94.78. Crh Plc has a 12-month low of $71.18 and a 12-month high of $110.97. The company has a market cap of $60.17 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.37 and a beta of 1.28.

CRH (NYSE:CRH - Get Free Report) last released its earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a net margin of 9.17% and a return on equity of 15.88%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. Analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.66%. CRH's dividend payout ratio is 23.52%.

CRH Company 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.