UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Holdings in Crh Plc $CRH

Key Points

• UBS AM increased its stake in CRH Plc by 9.3% during the first quarter, owning approximately 5 million shares valued at around $443.7 million.
• CRH stock is currently down 1.2% and has a market cap of $74.49 billion, with a P/E ratio of 23.17 and a 12-month high of $114.40.
• CRH announced a quarterly dividend of $0.37, which equates to an annualized $1.48 dividend and a yield of 1.3%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Crh Plc (NYSE:CRH - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,043,334 shares of the construction company's stock after purchasing an additional 428,114 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.75% of CRH worth $443,662,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CRH. Orion Capital Management LLC purchased a new position in shares of CRH in the fourth quarter valued at $28,000. Heck Capital Advisors LLC purchased a new position in shares of CRH in the fourth quarter valued at $32,000. Park Square Financial Group LLC purchased a new position in shares of CRH in the fourth quarter valued at $32,000. GW&K Investment Management LLC grew its position in shares of CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock valued at $39,000 after purchasing an additional 208 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its position in shares of CRH by 44.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock valued at $64,000 after purchasing an additional 225 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Down 1.2%

Shares of CRH stock opened at $110.74 on Wednesday. The business has a 50-day moving average price of $103.44 and a two-hundred day moving average price of $96.40. Crh Plc has a 12-month low of $76.75 and a 12-month high of $114.40. The firm has a market cap of $74.49 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same period last year, the firm earned $1.88 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, research analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH's payout ratio is 23.22%.

Wall Street Analyst Weigh In

CRH has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on CRH in a research report on Tuesday, August 26th. They set an "overweight" rating and a $130.00 target price for the company. Morgan Stanley restated an "overweight" rating on shares of CRH in a research report on Tuesday, September 2nd. Royal Bank Of Canada restated an "outperform" rating and set a $112.00 target price (up from $108.00) on shares of CRH in a research report on Friday, August 8th. DA Davidson restated a "neutral" rating and set a $105.00 target price (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Finally, Sanford C. Bernstein initiated coverage on CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $114.64.

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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