4,773 Shares in CRH plc (NYSE:CRH) Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new position in shares of CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,773 shares of the construction company's stock, valued at approximately $442,000.

A number of other large investors also recently modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in CRH during the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. increased its position in shares of CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after purchasing an additional 240 shares during the last quarter. Colonial Trust Co SC bought a new stake in shares of CRH during the 4th quarter worth approximately $37,000. Whipplewood Advisors LLC acquired a new stake in shares of CRH in the 4th quarter valued at approximately $38,000. Finally, Deseret Mutual Benefit Administrators grew its stake in shares of CRH by 87.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after buying an additional 236 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CRH shares. Loop Capital started coverage on shares of CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target on the stock. Wall Street Zen raised shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $112.58.

CRH Stock Performance

NYSE:CRH traded up $0.03 during mid-day trading on Thursday, hitting $95.11. 3,116,800 shares of the stock were exchanged, compared to its average volume of 5,796,888. The firm's 50-day simple moving average is $91.51 and its 200 day simple moving average is $96.34. The stock has a market capitalization of $64.26 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results 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 firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 16.35% and a net margin of 9.86%. On average, analysts predict that CRH plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, May 23rd. CRH's dividend payout ratio (DPR) is 23.52%.

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.