Investment Management Corp of Ontario lessened its stake in CRH plc (NYSE:CRH - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,688 shares of the construction company's stock after selling 65,351 shares during the quarter. Investment Management Corp of Ontario's holdings in CRH were worth $5,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of CRH. Arkadios Wealth Advisors increased its position in shares of CRH by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock valued at $216,000 after purchasing an additional 109 shares during the last quarter. Covestor Ltd grew its position in CRH by 20.4% during the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after buying an additional 128 shares during the period. Parallel Advisors LLC increased its holdings in CRH by 1.9% during the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after buying an additional 129 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in CRH by 3.2% during the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock valued at $405,000 after buying an additional 136 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock worth $90,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.
Wall Street Analyst Weigh In
CRH has been the subject of a number of recent research reports. Berenberg Bank set a $120.00 price objective on shares of CRH in a research report on Friday, February 28th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Sanford C. Bernstein assumed coverage on CRH in a research note on Tuesday. They issued an "outperform" rating and a $115.00 price objective on the stock. Royal Bank of Canada lowered their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $112.58.
Read Our Latest Report on CRH
CRH Price Performance
Shares of NYSE:CRH traded down $0.57 on Wednesday, hitting $97.59. 3,309,078 shares of the company's stock were exchanged, compared to its average volume of 5,815,584. The stock has a market capitalization of $65.94 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The business's 50 day simple moving average is $91.34 and its two-hundred day simple moving average is $96.27.
CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. CRH had a return on equity of 16.35% and a net margin of 9.86%. Equities analysts forecast that CRH plc will post 5.47 EPS for the current fiscal year.
CRH Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 annualized dividend and a yield of 1.52%. CRH's dividend payout ratio (DPR) is presently 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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