Kentucky Retirement Systems purchased a new position in shares of Crh Plc (NYSE:CRH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,912 shares of the construction company's stock, valued at approximately $4,127,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in CRH during the fourth quarter worth about $28,000. Heck Capital Advisors LLC bought a new position in shares of CRH in the fourth quarter valued at approximately $32,000. Park Square Financial Group LLC bought a new position in shares of CRH in the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. raised its stake in shares of CRH by 214.3% in 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 last quarter. Finally, Colonial Trust Co SC bought a new position in shares of CRH in the fourth quarter valued at approximately $37,000. Institutional investors own 62.50% of the company's stock.
CRH Trading Down 1.0%
Shares of NYSE CRH opened at $88.11 on Monday. The firm has a market cap of $59.53 billion, a PE ratio of 18.67, a PEG ratio of 1.34 and a beta of 1.28. Crh Plc has a 1-year low of $71.18 and a 1-year high of $110.97. The company has a fifty day moving average price of $92.31 and a 200 day moving average price of $94.89.
CRH (NYSE:CRH - Get Free Report) last issued 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). CRH had a return on equity of 15.88% and a net margin of 9.17%. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. Equities research analysts forecast that Crh Plc will post 5.47 EPS for the current year.
CRH Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.68%. CRH's payout ratio is 23.52%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on CRH. 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 report on Tuesday, March 11th. Loop Capital assumed coverage on shares of CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price for the company. Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. Wall Street Zen raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. 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, the company has a consensus rating of "Buy" and an average price target of $114.18.
Check Out Our Latest Report on CRH
About CRH
(
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.
Further Reading
Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH - Free Report).
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