CRH plc (NYSE:CRH) Shares Sold by GCM Grosvenor Holdings LLC

GCM Grosvenor Holdings LLC trimmed its holdings in CRH plc (NYSE:CRH - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 207,790 shares of the construction company's stock after selling 12,210 shares during the quarter. CRH makes up about 2.8% of GCM Grosvenor Holdings LLC's portfolio, making the stock its 5th biggest position. GCM Grosvenor Holdings LLC's holdings in CRH were worth $19,225,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in CRH by 7.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company's stock valued at $144,605,000 after buying an additional 114,072 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in CRH by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock worth $3,012,000 after buying an additional 5,889 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in CRH by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company's stock valued at $226,732,000 after acquiring an additional 232,977 shares during the period. Merit Financial Group LLC boosted its stake in shares of CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock worth $2,151,000 after acquiring an additional 5,610 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in CRH by 19.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company's stock worth $6,733,000 after acquiring an additional 12,076 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of CRH stock traded up $4.18 during midday trading on Monday, reaching $98.77. 5,831,607 shares of the company's stock traded hands, compared to its average volume of 5,822,832. The company has a market cap of $66.73 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The company's 50 day simple moving average is $91.43 and its 200 day simple moving average is $96.20.

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

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, May 23rd. CRH's dividend payout ratio (DPR) is currently 23.52%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. Royal Bank of Canada decreased their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their price target on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, CRH presently has a consensus rating of "Buy" and a consensus target price of $112.36.

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.