Crh Plc (NYSE:CRH) Shares Sold by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC reduced its stock holdings in CRH Plc by 1.0%, now owning approximately 1,859,068 shares valued at $163.5 million after selling 19,089 shares during the first quarter.
• The firm recently reported a missed earnings estimate with $1.94 EPS against a consensus of $2.06, while revenue for the quarter was $10.21 billion, slightly below analysis expectations.
• CRH Plc announced a quarterly dividend of $0.37 per share, which will be paid on September 24th, reflecting a dividend yield of 1.3%.

Neuberger Berman Group LLC trimmed its position in shares of Crh Plc (NYSE:CRH - Free Report) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,859,068 shares of the construction company's stock after selling 19,089 shares during the period. Neuberger Berman Group LLC owned about 0.28% of CRH worth $163,506,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CRH. Raymond James Financial Inc. purchased a new stake in shares of CRH during the fourth quarter worth approximately $41,407,000. Covestor Ltd increased its stake in 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 purchasing an additional 128 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in CRH by 63.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 27,038 shares of the construction company's stock valued at $2,501,000 after purchasing an additional 10,460 shares during the last quarter. SageView Advisory Group LLC purchased a new position in CRH in the fourth quarter valued at approximately $213,000. Finally, Mariner LLC increased its stake in CRH by 8.7% in the fourth quarter. Mariner LLC now owns 73,254 shares of the construction company's stock valued at $6,777,000 after purchasing an additional 5,851 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the subject of several research analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $112.00 price objective (up from $108.00) on shares of CRH in a report on Friday, August 8th. Sanford C. Bernstein assumed coverage on CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target for the company. Vertical Research raised CRH to a "strong-buy" rating in a report on Friday, August 1st. DA Davidson reaffirmed a "neutral" rating and set a $105.00 price target (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $113.18.

CRH Trading Down 0.9%

Shares of CRH stock traded down $0.96 during mid-day trading on Friday, reaching $110.79. The stock had a trading volume of 2,780,159 shares, compared to its average volume of 4,672,656. The company has a market cap of $74.52 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The business has a 50-day simple moving average of $96.13 and a 200 day simple moving average of $95.38. Crh Plc has a 12-month low of $76.75 and a 12-month high of $113.95.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). CRH had a return on equity of 15.68% and a net margin of 9.09%. The company had revenue of $10.21 billion for the quarter, compared to analysts' expectations of $10.27 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH's dividend payout ratio (DPR) is presently 23.22%.

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.