Oppenheimer & Co. Inc. Purchases 3,648 Shares of Crh Plc (NYSE:CRH)

Oppenheimer & Co. Inc. raised its position in shares of Crh Plc (NYSE:CRH - Free Report) by 13.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,880 shares of the construction company's stock after purchasing an additional 3,648 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in CRH were worth $2,629,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. TrueMark Investments LLC lifted its stake in shares of CRH by 10.6% during the 1st quarter. TrueMark Investments LLC now owns 43,052 shares of the construction company's stock valued at $3,787,000 after buying an additional 4,140 shares in the last quarter. Moser Wealth Advisors LLC bought a new stake in CRH during the first quarter valued at about $1,011,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of CRH in the first quarter valued at about $1,758,000. Kentucky Retirement Systems bought a new position in shares of CRH in the first quarter worth about $4,127,000. Finally, Guyasuta Investment Advisors Inc. boosted its stake in shares of CRH by 17.4% in the first quarter. Guyasuta Investment Advisors Inc. now owns 6,125 shares of the construction company's stock worth $539,000 after acquiring an additional 910 shares during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

Shares of CRH stock traded up $2.45 during trading hours on Friday, reaching $91.52. The company's stock had a trading volume of 6,725,847 shares, compared to its average volume of 5,095,172. The firm has a 50 day moving average price of $92.67 and a 200-day moving average price of $94.66. The stock has a market cap of $61.83 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.35 and a beta of 1.28. Crh Plc has a one year low of $71.18 and a one year high of $110.97.

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 the consensus estimate of ($0.06) by ($0.06). The company had revenue of $6.76 billion for 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, sell-side analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were issued a dividend of $0.37 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a yield of 1.62%. CRH's payout ratio is presently 23.52%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CRH shares. Royal Bank Of Canada lowered their price target on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Sanford C. Bernstein assumed coverage on shares of CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price on the stock. Wall Street Zen upgraded shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $114.18.

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.