Interval Partners LP trimmed its holdings in CRH plc (NYSE:CRH - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,981 shares of the construction company's stock after selling 187,869 shares during the period. Interval Partners LP's holdings in CRH were worth $8,695,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC lifted its holdings in CRH by 13.0% during the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after purchasing an additional 4,687,345 shares during the last quarter. Vanguard Group Inc. raised its position in shares of CRH by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company's stock valued at $3,624,719,000 after purchasing an additional 145,101 shares during the period. Franklin Resources Inc. raised its position in shares of CRH by 17.0% in the fourth quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock valued at $1,553,194,000 after purchasing an additional 2,437,868 shares during the period. Norges Bank acquired a new stake in shares of CRH during the 4th quarter worth about $1,391,245,000. Finally, Bank of New York Mellon Corp grew its stake in CRH by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company's stock valued at $796,546,000 after buying an additional 826,758 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. 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 report on Tuesday, March 11th. Loop Capital assumed coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target for the company. Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th. Finally, Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CRH currently has an average rating of "Buy" and a consensus price target of $112.36.
View Our Latest Analysis on CRH
CRH Stock Up 0.8 %
Shares of CRH stock opened at $94.70 on Friday. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The company has a market capitalization of $63.98 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.15 and a beta of 1.33. The firm's 50-day moving average price is $91.43 and its two-hundred day moving average price is $96.17.
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 (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. On average, sell-side analysts expect that CRH plc will post 5.47 earnings per share for the current year.
CRH Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. CRH's dividend payout ratio (DPR) is currently 23.52%.
About CRH
(
Free Report)
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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