Waverton Investment Management Ltd Has $679,000 Holdings in Crh Plc (NYSE:CRH)

Waverton Investment Management Ltd boosted its position in shares of Crh Plc (NYSE:CRH - Free Report) by 239.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,715 shares of the construction company's stock after buying an additional 5,439 shares during the period. Waverton Investment Management Ltd's holdings in CRH were worth $679,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CRH. FMR LLC boosted its position in shares of CRH by 13.0% during the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after acquiring an additional 4,687,345 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CRH by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company's stock worth $3,624,719,000 after buying an additional 145,101 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of 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 during the last quarter. Norges Bank bought a new position in CRH in the fourth quarter valued at about $1,391,245,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of CRH by 12.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,195,372 shares of the construction company's stock valued at $665,716,000 after purchasing an additional 820,479 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.6%

NYSE:CRH opened at $89.18 on Friday. The firm has a fifty day simple moving average of $92.67 and a two-hundred day simple moving average of $94.66. Crh Plc has a 12 month low of $71.18 and a 12 month high of $110.97. The stock has a market capitalization of $60.25 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.35 and a beta of 1.28.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates 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. Equities 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 was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, May 23rd. CRH's payout ratio is currently 23.52%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRH. JPMorgan Chase & Co. dropped their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Sanford C. Bernstein initiated coverage on CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective for the company. Royal Bank Of Canada cut their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Wall Street Zen raised CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Loop Capital initiated coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CRH has an average rating of "Buy" and a consensus target price of $114.18.

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.

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