Nomura Holdings Inc. Has $1.91 Million Stake in Crh Plc $CRH

Key Points

• Nomura Holdings Inc. reduced its stake in Crh Plc by 74.5%, selling 63,438 shares, and now holds 21,762 shares valued at approximately $1.91 million.
• CRH announced a quarterly dividend of $0.37, with an annualized yield of 1.3%, to be paid on September 24th.
• Despite missing earnings estimates with a reported $1.94 EPS, the company showed a 5.7% revenue increase year-over-year, totaling $10.21 billion for the quarter.

Nomura Holdings Inc. decreased its holdings in Crh Plc (NYSE:CRH - Free Report) by 74.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,762 shares of the construction company's stock after selling 63,438 shares during the quarter. Nomura Holdings Inc.'s holdings in CRH were worth $1,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of CRH by 62.8% during the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company's stock worth $5,608,567,000 after purchasing an additional 24,591,538 shares during the period. Nuveen LLC acquired a new stake in CRH during the 1st quarter worth about $597,888,000. Massachusetts Financial Services Co. MA lifted its stake in CRH by 43.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock valued at $906,424,000 after buying an additional 3,108,416 shares in the last quarter. AGF Management Ltd. boosted its holdings in shares of CRH by 195.0% in the first quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company's stock worth $268,485,000 after buying an additional 2,017,484 shares during the period. Finally, Deutsche Bank AG increased its position in shares of CRH by 72.2% in the fourth quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock worth $436,472,000 after acquiring an additional 1,978,225 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Price Performance

CRH traded up $0.63 during trading on Friday, reaching $112.24. 3,599,695 shares of the stock traded hands, compared to its average volume of 4,118,219. The stock's 50-day simple moving average is $102.68 and its two-hundred day simple moving average is $96.33. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $114.40. The stock has a market cap of $75.50 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31.

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

CRH Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently commented on CRH. DA Davidson restated a "neutral" rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research note on Tuesday. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $112.00 target price (up previously from $108.00) on shares of CRH in a research report on Friday, August 8th. JPMorgan Chase & Co. assumed coverage on CRH in a research report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 price target on the stock. Finally, Vertical Research upgraded CRH to a "strong-buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $114.64.

CRH Company 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.