Robeco Institutional Asset Management B.V. Purchases 21,771 Shares of Crh Plc (NYSE:CRH)

Robeco Institutional Asset Management B.V. lifted its position in Crh Plc (NYSE:CRH - Free Report) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,539 shares of the construction company's stock after purchasing an additional 21,771 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in CRH were worth $15,090,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRH. MOKAN Wealth Management Inc. acquired a new stake in shares of CRH in the 1st quarter worth $704,000. Moran Wealth Management LLC grew its stake in CRH by 16.0% in the 1st quarter. Moran Wealth Management LLC now owns 2,581 shares of the construction company's stock valued at $227,000 after acquiring an additional 356 shares during the last quarter. Hi Line Capital Management LLC increased its stake in shares of CRH by 2.2% during the 1st quarter. Hi Line Capital Management LLC now owns 70,976 shares of the construction company's stock worth $6,270,000 after purchasing an additional 1,525 shares in the last quarter. Keudell Morrison Wealth Management acquired a new position in shares of CRH in the first quarter worth $225,000. Finally, Asset Management One Co. Ltd. boosted its position in CRH by 4.8% during the first quarter. Asset Management One Co. Ltd. now owns 257,574 shares of the construction company's stock worth $22,659,000 after acquiring an additional 11,685 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CRH shares. Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lowered their target price on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Loop Capital initiated coverage on CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective on the stock. Finally, Sanford C. Bernstein began coverage on shares of CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target for the company. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $114.18.

CRH Stock Performance

Shares of CRH stock traded up $0.65 on Wednesday, reaching $93.95. The stock had a trading volume of 2,410,186 shares, compared to its average volume of 4,933,578. The stock has a market cap of $63.47 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. Crh Plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The business's 50-day moving average price is $93.13 and its two-hundred day moving average price is $94.50.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) 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 company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. As a group, equities analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, May 23rd. CRH's payout ratio is 23.52%.

CRH 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.