Rhumbline Advisers Has $64.32 Million Stock Position in CRH plc (NYSE:CRH)

Rhumbline Advisers trimmed its position in CRH plc (NYSE:CRH - Free Report) by 0.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 731,112 shares of the construction company's stock after selling 4,492 shares during the period. Rhumbline Advisers owned about 0.11% of CRH worth $64,316,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of CRH during the fourth quarter valued at $28,000. Heck Capital Advisors LLC bought a new position in shares of CRH in the 4th quarter valued at about $32,000. Park Square Financial Group LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. grew 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 buying an additional 240 shares during the period. Finally, Colonial Trust Co SC bought a new stake in shares of CRH during the fourth quarter worth approximately $37,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective on the stock. Loop Capital started coverage on CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Finally, Berenberg Bank set a $120.00 price objective on shares of CRH in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $112.58.

CRH Price Performance

CRH stock traded up $1.88 during mid-day trading on Thursday, hitting $92.76. 3,659,707 shares of the company's stock traded hands, compared to its average volume of 5,528,195. The firm has a 50 day simple moving average of $90.92 and a two-hundred day simple moving average of $95.88. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock has a market cap of $62.67 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.15 and a beta of 1.33.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. On average, research analysts anticipate that CRH plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is 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.