OMERS ADMINISTRATION Corp Purchases 20,363 Shares of Crh Plc $CRH

Key Points

• OMERS ADMINISTRATION Corp increased its stake in CRH Plc by 426.6%, owning 25,136 shares worth $2.2 million after purchasing an additional 20,363 shares in the first quarter.
• CRH reported a miss in earnings with $1.94 EPS, falling short of analysts' expectations of $2.06, while revenue was reported at $10.21 billion, below the anticipated $10.27 billion.
• The company recently announced a quarterly dividend of $0.37 per share, which will be paid on September 24th, reflecting an annualized yield of 1.3%.

OMERS ADMINISTRATION Corp raised its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 426.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,136 shares of the construction company's stock after buying an additional 20,363 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in CRH were worth $2,211,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CRH. Rehmann Capital Advisory Group grew its position in shares of CRH by 7.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,443 shares of the construction company's stock worth $226,000 after buying an additional 178 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of CRH by 1.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,226 shares of the construction company's stock valued at $1,964,000 after purchasing an additional 349 shares during the period. Meiji Yasuda Life Insurance Co acquired a new position in shares of CRH in the 4th quarter valued at approximately $434,000. Advanced Portfolio Management LLC acquired a new position in shares of CRH in the 4th quarter valued at approximately $2,961,000. Finally, AXA S.A. grew its position in shares of CRH by 23.1% in the 4th quarter. AXA S.A. now owns 133,108 shares of the construction company's stock valued at $12,315,000 after purchasing an additional 24,944 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 0.8%

Shares of CRH stock traded down $0.91 during trading on Thursday, reaching $111.00. 1,880,545 shares of the company's stock were exchanged, compared to its average volume of 5,477,456. The stock has a market capitalization of $74.66 billion, a PE ratio of 23.22, a PEG ratio of 1.45 and a beta of 1.31. Crh Plc has a twelve month low of $76.75 and a twelve month high of $114.40. The firm's fifty day moving average price is $101.82 and its 200-day moving average price is $96.30.

CRH (NYSE:CRH - Get Free Report) last posted its 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 business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 earnings per share. As a group, analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on CRH. Royal Bank Of Canada restated an "outperform" rating and issued a $112.00 target price (up previously from $108.00) on shares of CRH in a research note on Friday, August 8th. JPMorgan Chase & Co. began coverage on CRH in a research note on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 target price on the stock. Sanford C. Bernstein began coverage on CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price on the stock. Vertical Research upgraded CRH to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $114.64.

About CRH

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.