Oppenheimer & Co. Inc. Has $2.63 Million Position in Crh Plc (NYSE:CRH)

Oppenheimer & Co. Inc. lifted its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 13.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,880 shares of the construction company's stock after buying an additional 3,648 shares during the period. Oppenheimer & Co. Inc.'s holdings in CRH were worth $2,629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Orion Capital Management LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new stake in shares of CRH in the 4th quarter worth about $32,000. Park Square Financial Group LLC bought a new stake in CRH in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. boosted its stake in CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after purchasing an additional 240 shares during the period. Finally, Colonial Trust Co SC bought a new position in CRH in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Royal Bank Of Canada decreased their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Sanford C. Bernstein began coverage on shares of CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CRH presently has a consensus rating of "Buy" and a consensus target price of $114.18.

CRH Price Performance

Shares of CRH stock traded up $0.12 during midday trading on Monday, hitting $91.64. The company had a trading volume of 4,242,323 shares, compared to its average volume of 4,947,535. Crh Plc has a 1-year low of $71.18 and a 1-year high of $110.97. The business's 50 day simple moving average is $92.98 and its two-hundred day simple moving average is $94.51. The stock has a market cap of $61.92 billion, a PE ratio of 19.42, a P/E/G ratio of 1.39 and a beta of 1.28.

CRH (NYSE:CRH - Get Free Report) last released 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 15.88% and a net margin of 9.17%. On average, sell-side analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

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

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.