Krilogy Financial LLC Makes New $1.38 Million Investment in CRH plc (NYSE:CRH)

Krilogy Financial LLC acquired a new position in shares of CRH plc (NYSE:CRH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,705 shares of the construction company's stock, valued at approximately $1,382,000.

A number of other hedge funds have also recently modified their holdings of CRH. FMR LLC grew its stake in CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after purchasing an additional 4,687,345 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CRH by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company's stock valued at $3,624,719,000 after acquiring an additional 145,101 shares during the period. Franklin Resources Inc. increased its position in shares of CRH by 17.0% in the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock valued at $1,553,194,000 after acquiring an additional 2,437,868 shares during the period. Norges Bank acquired a new stake in CRH during the 4th quarter worth about $1,391,245,000. Finally, Bank of New York Mellon Corp grew its position in shares of CRH by 10.6% during the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company's stock valued at $796,546,000 after acquiring an additional 826,758 shares during the period. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CRH shares. Loop Capital assumed coverage on shares of CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Sanford C. Bernstein began coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target for the company. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada reduced their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CRH presently has an average rating of "Buy" and a consensus price target of $112.58.

CRH Trading Down 2.9%

Shares of CRH opened at $89.96 on Friday. The firm's 50-day moving average is $91.91 and its two-hundred day moving average is $95.41. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The firm has a market capitalization of $60.78 billion, a P/E ratio of 17.99, a PEG ratio of 1.15 and a beta of 1.28.

CRH (NYSE:CRH - Get Free Report) last released 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 business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. CRH had a net margin of 9.86% and a return on equity of 16.35%. Analysts predict that CRH plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, May 23rd. CRH's dividend payout ratio is currently 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.

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