Ninety One UK Ltd Purchases 231,345 Shares of Crh Plc (NYSE:CRH)

Ninety One UK Ltd increased its holdings in Crh Plc (NYSE:CRH - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,779,171 shares of the construction company's stock after acquiring an additional 231,345 shares during the period. Ninety One UK Ltd owned about 0.41% of CRH worth $244,484,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC grew its holdings in shares of CRH by 142,350.0% in the fourth quarter. Headlands Technologies LLC now owns 17,094 shares of the construction company's stock valued at $1,582,000 after acquiring an additional 17,082 shares in the last quarter. Bornite Capital Management LP purchased a new stake in CRH in the fourth quarter worth $13,878,000. FMR LLC raised its stake in shares of CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after buying an additional 4,687,345 shares during the period. GAMMA Investing LLC raised its stake in shares of CRH by 27.4% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock valued at $169,000 after buying an additional 413 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of CRH by 5.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 76,911 shares of the construction company's stock valued at $7,116,000 after buying an additional 4,000 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

CRH Trading Up 0.3%

Shares of CRH stock traded up $0.26 during trading hours on Wednesday, reaching $94.91. The company's stock had a trading volume of 636,860 shares, compared to its average volume of 4,905,462. The stock has a market capitalization of $64.12 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.47 and a beta of 1.26. Crh Plc has a one year low of $74.03 and a one year high of $110.97. The firm's fifty day simple moving average is $93.45 and its 200 day simple moving average is $94.49.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. As a group, equities research analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, May 23rd. CRH's payout ratio 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.