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Ninety One SA PTY Ltd Raises Holdings in Crh Plc (NYSE:CRH)

CRH logo with Construction background

Ninety One SA PTY Ltd increased its holdings in Crh Plc (NYSE:CRH - Free Report) by 8.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 61,484 shares of the construction company's stock after acquiring an additional 5,000 shares during the period. Ninety One SA PTY Ltd's holdings in CRH were worth $5,400,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CRH. Proficio Capital Partners LLC acquired a new position in CRH during the fourth quarter worth $69,000. Jones Financial Companies Lllp lifted its holdings in CRH by 37.5% during the 4th quarter. Jones Financial Companies Lllp now owns 4,196 shares of the construction company's stock worth $388,000 after buying an additional 1,144 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of CRH by 15.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,520 shares of the construction company's stock worth $788,000 after purchasing an additional 1,129 shares in the last quarter. Assetmark Inc. increased its position in shares of CRH by 32.8% during the fourth quarter. Assetmark Inc. now owns 2,122 shares of the construction company's stock worth $196,000 after purchasing an additional 524 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of CRH during the fourth quarter worth about $41,407,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 0.6%

Shares of NYSE CRH opened at $94.33 on Tuesday. Crh Plc has a fifty-two week low of $74.02 and a fifty-two week high of $110.97. The business has a 50 day moving average price of $93.42 and a two-hundred day moving average price of $94.49. The firm has a market cap of $63.73 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26.

CRH (NYSE:CRH - Get Free Report) last released 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 return on equity of 15.88% and a net margin of 9.17%. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. On average, analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio is presently 23.52%.

Analyst Ratings Changes

Several brokerages recently issued reports on CRH. Sanford C. Bernstein assumed coverage on CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target on the stock. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Loop Capital initiated coverage on CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $114.18.

View Our Latest Stock Analysis 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.

See Also

Institutional Ownership by Quarter for CRH (NYSE:CRH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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