JCP Investment Management LLC Trims Holdings in CRH plc (NYSE:CRH)

JCP Investment Management LLC trimmed its stake in CRH plc (NYSE:CRH - Free Report) by 9.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,829 shares of the construction company's stock after selling 13,000 shares during the period. CRH makes up about 7.1% of JCP Investment Management LLC's portfolio, making the stock its 6th biggest position. JCP Investment Management LLC's holdings in CRH were worth $12,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CRH. Jefferies Financial Group Inc. raised its position in CRH by 70.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 61,078 shares of the construction company's stock worth $5,654,000 after purchasing an additional 25,278 shares during the period. Graham Capital Management L.P. grew its stake in shares of CRH by 102.2% during the fourth quarter. Graham Capital Management L.P. now owns 77,937 shares of the construction company's stock valued at $7,211,000 after buying an additional 39,389 shares during the last quarter. Ethic Inc. raised its holdings in shares of CRH by 82.5% in the fourth quarter. Ethic Inc. now owns 5,760 shares of the construction company's stock worth $533,000 after buying an additional 2,603 shares during the period. Ensign Peak Advisors Inc lifted its stake in shares of CRH by 26.9% during the 4th quarter. Ensign Peak Advisors Inc now owns 356,231 shares of the construction company's stock worth $32,958,000 after acquiring an additional 75,454 shares during the last quarter. Finally, Fiduciary Trust Co boosted its holdings in CRH by 5.9% during the 4th quarter. Fiduciary Trust Co now owns 7,002 shares of the construction company's stock valued at $650,000 after acquiring an additional 390 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

CRH has been the subject of several research analyst reports. Loop Capital assumed coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price for the company. Berenberg Bank set a $120.00 price objective on shares of CRH in a research report on Friday, February 28th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered 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. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday. 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $112.36.

CRH Stock Performance

NYSE:CRH opened at $94.70 on Friday. The stock has a market capitalization of $63.98 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.15 and a beta of 1.33. The company's 50-day simple moving average is $91.43 and its 200-day simple moving average is $96.17. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 16.35% and a net margin of 9.86%. On average, research analysts forecast that CRH plc will post 5.47 EPS 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 paid 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 payout ratio is 23.52%.

About CRH

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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