Ritholtz Wealth Management Has $3.94 Million Holdings in CRH PLC (NYSE:CRH)

Ritholtz Wealth Management reduced its position in shares of CRH PLC (NYSE:CRH - Free Report) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,764 shares of the construction company's stock after selling 3,226 shares during the period. Ritholtz Wealth Management's holdings in CRH were worth $3,938,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRH. Norges Bank bought a new position in shares of CRH during the 4th quarter worth approximately $1,391,245,000. FMR LLC grew its position in CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after purchasing an additional 4,687,345 shares in the last quarter. Franklin Resources Inc. lifted its position in CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock worth $1,553,194,000 after buying an additional 2,437,868 shares in the last quarter. Deutsche Bank AG increased its position in shares of CRH by 72.2% in the fourth quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock valued at $436,472,000 after acquiring an additional 1,978,225 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in CRH by 931.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,977,992 shares of the construction company's stock worth $183,004,000 after acquiring an additional 1,786,189 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Sanford C. Bernstein began coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. Loop Capital assumed coverage on shares of CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective for the company. Finally, Royal Bank Of Canada dropped their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $112.58.

CRH Price Performance

CRH stock traded down $0.64 during trading hours on Tuesday, hitting $89.88. The company had a trading volume of 2,589,642 shares, compared to its average volume of 5,341,146. CRH PLC has a one year low of $71.18 and a one year high of $110.97. The firm has a market cap of $60.72 billion, a PE ratio of 17.96, a PEG ratio of 1.38 and a beta of 1.28. The firm has a 50-day moving average of $92.12 and a 200 day moving average of $95.28.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings results 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). CRH had a return on equity of 15.88% and a net margin of 9.17%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. As a group, research analysts expect that CRH PLC will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be given a $0.37 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.65%. CRH's payout ratio is presently 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.