Nisa Investment Advisors LLC Sells 32,900 Shares of Crh Plc (NYSE:CRH)

Nisa Investment Advisors LLC trimmed its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 37.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,670 shares of the construction company's stock after selling 32,900 shares during the quarter. Nisa Investment Advisors LLC's holdings in CRH were worth $4,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. Proficio Capital Partners LLC bought a new position in CRH during the fourth quarter worth $69,000. Assetmark Inc. boosted its position in 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 during the period. PNC Financial Services Group Inc. boosted its position in CRH by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,002 shares of the construction company's stock worth $1,018,000 after purchasing an additional 700 shares during the period. HighTower Advisors LLC boosted its position in CRH by 0.7% during the fourth quarter. HighTower Advisors LLC now owns 188,060 shares of the construction company's stock worth $17,399,000 after purchasing an additional 1,373 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in CRH by 2.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 9,846 shares of the construction company's stock worth $911,000 after purchasing an additional 201 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Trading Down 0.7%

NYSE:CRH opened at $95.19 on Friday. The stock has a market cap of $64.32 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The stock's 50-day moving average is $93.39 and its 200-day moving average is $94.52. Crh Plc has a 1-year low of $74.03 and a 1-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) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a net margin of 9.17% and a return on equity of 15.88%. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. As a group, equities analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a $0.37 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. CRH's dividend payout ratio is currently 23.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. DA Davidson reissued a "neutral" rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a research report on Thursday. Sanford C. Bernstein assumed coverage on shares of CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CRH has an average rating of "Moderate Buy" and an average price target of $112.82.

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.

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