Public Employees Retirement System of Ohio Sells 3,460 Shares of Crh Plc $CRH

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in CRH Plc by 1.1%, selling 3,460 shares, and now owns 314,111 shares valued at approximately $28.84 million.
• CRH reported earnings of $1.94 EPS, missing analysts' expectations of $2.06, and had a revenue of $10.21 billion, which was below the forecast of $10.27 billion.
• The company declared a quarterly dividend of $0.37 per share, representing an annualized yield of 1.3% and a payout ratio of 23.22%.

Public Employees Retirement System of Ohio lowered its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 314,111 shares of the construction company's stock after selling 3,460 shares during the period. Public Employees Retirement System of Ohio's holdings in CRH were worth $28,836,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CRH. Vanguard Group Inc. boosted its position in CRH by 62.8% during the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company's stock valued at $5,608,567,000 after buying an additional 24,591,538 shares during the period. Massachusetts Financial Services Co. MA boosted its position in CRH by 43.2% during the 1st 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 during the period. Bank of New York Mellon Corp boosted its position in CRH by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 8,830,489 shares of the construction company's stock valued at $776,818,000 after buying an additional 221,038 shares during the period. Boston Partners boosted its position in CRH by 5.9% during the 1st quarter. Boston Partners now owns 8,822,801 shares of the construction company's stock valued at $775,349,000 after buying an additional 493,796 shares during the period. Finally, Amundi boosted its position in CRH by 11.8% during the 1st quarter. Amundi now owns 7,979,264 shares of the construction company's stock valued at $689,009,000 after buying an additional 843,806 shares during the period. Institutional investors own 62.50% of the company's stock.

CRH Stock Down 1.4%

CRH stock opened at $112.47 on Thursday. The company has a market cap of $75.65 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.48 and a beta of 1.31. The firm's fifty day moving average is $107.42 and its 200 day moving average is $97.39. Crh Plc has a 52-week low of $76.75 and a 52-week high of $116.36.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) 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 analysts' expectations of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. CRH's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 EPS. On average, equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd were given a dividend of $0.37 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. CRH's payout ratio is 23.22%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a $112.00 price target (up previously from $108.00) on shares of CRH in a research report on Friday, August 8th. Vertical Research raised shares of CRH to a "strong-buy" rating in a research report on Friday, August 1st. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Sanford C. Bernstein raised their target price on shares of CRH from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Finally, DA Davidson reissued a "neutral" rating and set a $105.00 price target (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $116.00.

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.

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