Wellington Management Group LLP Has $226.79 Million Holdings in Crh Plc $CRH

Key Points

• Wellington Management Group LLP reduced its holdings in CRH Plc by 4.7%, owning approximately $226.79 million worth of the company's shares after selling 128,824 shares in the first quarter.
• CRH reported $1.94 EPS for the last quarter, missing expectations of $2.06, with revenues of $10.21 billion.
• The company announced a quarterly dividend of $0.37, expected to be paid on September 24th, yielding an annualized total of $1.48 at a ratio of 23.22%.

Wellington Management Group LLP lessened its holdings in Crh Plc (NYSE:CRH - Free Report) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,618,135 shares of the construction company's stock after selling 128,824 shares during the period. Wellington Management Group LLP owned about 0.39% of CRH worth $226,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CDAM UK Ltd purchased a new stake in shares of CRH in the first quarter worth approximately $54,239,000. Korea Investment CORP lifted its position in shares of CRH by 8.7% during the first quarter. Korea Investment CORP now owns 492,597 shares of the construction company's stock valued at $43,334,000 after purchasing an additional 39,459 shares in the last quarter. Northern Trust Corp lifted its position in shares of CRH by 4.4% during the first quarter. Northern Trust Corp now owns 4,329,496 shares of the construction company's stock valued at $380,866,000 after purchasing an additional 184,380 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of CRH by 1,152.0% during the first quarter. Brooklyn Investment Group now owns 1,565 shares of the construction company's stock valued at $138,000 after purchasing an additional 1,440 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of CRH during the first quarter valued at about $249,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Up 0.8%

NYSE CRH opened at $112.3970 on Wednesday. The company has a market cap of $75.60 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. Crh Plc has a 52 week low of $76.75 and a 52 week high of $113.95. The firm's 50-day simple moving average is $96.89 and its two-hundred day simple moving average is $95.53.

CRH (NYSE:CRH - Get Free Report) last issued its 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). The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 EPS. As a group, equities research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

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. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH's dividend payout ratio is currently 23.22%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $112.00 price target (up from $108.00) on shares of CRH in a research report on Friday, August 8th. DA Davidson reissued a "neutral" rating and set a $105.00 price target (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Vertical Research raised shares of CRH to a "strong-buy" rating in a report on Friday, August 1st. Finally, Morgan Stanley reissued an "overweight" rating on shares of CRH in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $113.18.

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.

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