Mackenzie Financial Corp Decreases Position in CRH plc (NYSE:CRH)

Mackenzie Financial Corp cut its position in CRH plc (NYSE:CRH - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,574,566 shares of the construction company's stock after selling 64,423 shares during the quarter. Mackenzie Financial Corp owned about 0.38% of CRH worth $238,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alpine Global Management LLC purchased a new stake in CRH in the 4th quarter worth approximately $231,000. Vise Technologies Inc. raised its position in shares of CRH by 6.4% during the 4th quarter. Vise Technologies Inc. now owns 15,191 shares of the construction company's stock valued at $1,405,000 after buying an additional 910 shares in the last quarter. Orion Capital Management LLC bought a new stake in shares of CRH during the 4th quarter worth $28,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in CRH by 14.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 130,743 shares of the construction company's stock worth $12,096,000 after acquiring an additional 16,106 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new position in CRH in the fourth quarter worth $432,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Up 1.1%

Shares of CRH traded up $1.00 during trading hours on Tuesday, reaching $95.09. 3,932,889 shares of the company traded hands, compared to its average volume of 5,810,541. The company's fifty day moving average price is $91.33 and its two-hundred day moving average price is $96.22. The company has a market capitalization of $64.25 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97.

CRH (NYSE:CRH - Get Free Report) last announced 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 9.86% and a return on equity of 16.35%. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. On average, analysts expect 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. Shareholders 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 annualized dividend and a yield of 1.56%. CRH's dividend payout ratio (DPR) is presently 23.52%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRH. Wall Street Zen upgraded CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada dropped their target price on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their target price on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Finally, Berenberg Bank set a $120.00 price objective on shares of CRH in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, CRH 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.