Greenhaven Associates Inc. Cuts Stock Position in CRH plc (NYSE:CRH)

Greenhaven Associates Inc. reduced its stake in CRH plc (NYSE:CRH - Free Report) by 95.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 26,937 shares of the construction company's stock after selling 604,856 shares during the quarter. CRH accounts for approximately 0.0% of Greenhaven Associates Inc.'s portfolio, making the stock its 16th largest holding. Greenhaven Associates Inc.'s holdings in CRH were worth $2,370,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after buying an additional 128 shares during the period. Parallel Advisors LLC increased its holdings in CRH by 1.9% in the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock worth $630,000 after acquiring an additional 129 shares during the last quarter. First Eagle Investment Management LLC raised its stake in CRH by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock valued at $405,000 after acquiring an additional 136 shares during the period. Shelton Capital Management lifted its holdings in CRH by 1.1% during the fourth quarter. Shelton Capital Management now owns 14,475 shares of the construction company's stock valued at $1,339,000 after purchasing an additional 151 shares during the last quarter. Finally, GeoWealth Management LLC boosted its position in CRH by 46.3% during the fourth quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock worth $52,000 after purchasing an additional 177 shares during the period. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

CRH stock traded down $0.97 during midday trading on Friday, hitting $90.99. 8,756,692 shares of the company's stock were exchanged, compared to its average volume of 5,826,161. The company has a market cap of $61.48 billion, a P/E ratio of 18.20, a PEG ratio of 1.15 and a beta of 1.33. The stock has a 50-day moving average price of $90.96 and a two-hundred day moving average price of $96.05. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

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 16.35% and a net margin of 9.86%. As a group, sell-side analysts expect that CRH plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, May 23rd. CRH's payout ratio is 23.52%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CRH shares. Royal Bank of Canada lowered their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Loop Capital initiated coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target for the company. Sanford C. Bernstein started coverage on CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target for the company. Finally, Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $112.58.

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.