Voya Investment Management LLC Has $3.15 Million Holdings in Crh Plc $CRH

Key Points

• Voya Investment Management LLC reduced its ownership in CRH Plc by 21.6% during the first quarter, holding 35,930 shares valued at approximately $3.15 million.
• Other institutional investors, such as Vanguard Group Inc. and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., significantly increased their stakes in CRH, highlighting a strong interest in the company.
• CRH recently reported a quarterly EPS of $1.94, which fell short of analysts' expectations, and announced a quarterly dividend of $0.37 per share with an annual yield of 1.3%.

Voya Investment Management LLC cut its holdings in Crh Plc (NYSE:CRH - Free Report) by 21.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,930 shares of the construction company's stock after selling 9,875 shares during the period. Voya Investment Management LLC's holdings in CRH were worth $3,149,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CRH. Park Square Financial Group LLC acquired a new stake in shares of CRH in the fourth quarter valued at $32,000. Heck Capital Advisors LLC purchased a new position in shares of CRH during the fourth quarter worth about $32,000. GW&K Investment Management LLC grew its holdings in shares of CRH by 86.7% during the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company's stock worth $39,000 after purchasing an additional 208 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of CRH during the first quarter worth about $47,000. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of CRH by 44.6% during the first quarter. Deseret Mutual Benefit Administrators now owns 730 shares of the construction company's stock worth $64,000 after buying an additional 225 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Up 0.4%

Shares of CRH traded up $0.41 during mid-day trading on Tuesday, hitting $115.13. 2,080,319 shares of the company's stock were exchanged, compared to its average volume of 5,339,750. The firm has a fifty day moving average of $106.63 and a two-hundred day moving average of $97.17. Crh Plc has a twelve month low of $76.75 and a twelve month high of $116.36. The stock has a market cap of $77.44 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 1.47 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 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 business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same quarter last year, the company earned $1.88 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

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

Analyst Upgrades and Downgrades

CRH has been the topic of a number of analyst reports. Sanford C. Bernstein lifted their price objective on CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Royal Bank Of Canada restated an "outperform" rating and set a $112.00 price objective (up from $108.00) on shares of CRH in a research report on Friday, August 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research note on Tuesday, September 2nd. Vertical Research raised shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. Finally, DA Davidson reissued a "neutral" rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, CRH has an average rating of "Buy" and an average target price of $116.00.

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.