USS Investment Management Ltd Has $13.38 Million Stock Holdings in CRH plc (NYSE:CRH)

USS Investment Management Ltd grew its position in CRH plc (NYSE:CRH - Free Report) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 144,577 shares of the construction company's stock after acquiring an additional 8,623 shares during the period. USS Investment Management Ltd's holdings in CRH were worth $13,382,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of CRH in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. lifted its stake in shares of CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after acquiring an additional 240 shares during the last quarter. Colonial Trust Co SC bought a new position in shares of CRH in the 4th quarter valued at $37,000. Whipplewood Advisors LLC bought a new position in shares of CRH in the 4th quarter valued at $38,000. Finally, True Wealth Design LLC lifted its stake in shares of CRH by 859.6% in the 4th quarter. True Wealth Design LLC now owns 499 shares of the construction company's stock valued at $46,000 after acquiring an additional 447 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRH has been the subject of a number of research reports. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Berenberg Bank set a $120.00 price target on CRH in a research note on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Finally, Loop Capital assumed coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective for the company. 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 company. According to data from MarketBeat.com, CRH presently has an average rating of "Buy" and a consensus target price of $112.58.

CRH Price Performance

NYSE CRH traded down $1.06 on Friday, reaching $94.10. The company had a trading volume of 5,235,921 shares, compared to its average volume of 5,809,492. The firm has a market cap of $63.58 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.15 and a beta of 1.33. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The business has a 50 day moving average of $91.43 and a two-hundred day moving average of $96.33.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. CRH had a net margin of 9.86% and a return on equity of 16.35%. As a group, research analysts predict that CRH plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders 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 1.57%. The ex-dividend date of this dividend is Friday, May 23rd. CRH's payout ratio is 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.