Mackenzie Financial Corp Has $238.20 Million Holdings in CRH plc (NYSE:CRH)

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

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

Wall Street Analyst Weigh In

CRH has been the topic of several analyst reports. Royal Bank of Canada lowered their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Berenberg Bank set a $120.00 price objective on shares of CRH in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Wall Street Zen upgraded shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, CRH presently has an average rating of "Buy" and an average target price of $112.58.

CRH Stock Down 0.1%

CRH stock traded down $0.07 on Thursday, hitting $91.89. The company's stock had a trading volume of 3,412,835 shares, compared to its average volume of 6,327,930. The firm has a market cap of $62.09 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. The company has a fifty day moving average price of $91.23 and a 200-day moving average price of $96.19. CRH plc has a one year low of $71.18 and a one year 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. Analysts anticipate that CRH plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, May 23rd. CRH's dividend payout ratio (DPR) is presently 23.52%.

CRH 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.