Junto Capital Management LP Has $39.03 Million Stake in CRH plc (NYSE:CRH)

Junto Capital Management LP trimmed its stake in CRH plc (NYSE:CRH - Free Report) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 421,866 shares of the construction company's stock after selling 49,435 shares during the period. Junto Capital Management LP owned 0.06% of CRH worth $39,031,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CRH. Heck Capital Advisors LLC acquired a new stake in CRH in the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. lifted its stake in shares of CRH by 214.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after buying an additional 240 shares during the period. Colonial Trust Co SC acquired a new stake in CRH during the fourth quarter worth about $37,000. Whipplewood Advisors LLC bought a new position in CRH during the fourth quarter valued at about $38,000. Finally, Deseret Mutual Benefit Administrators raised its holdings in CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after acquiring an additional 236 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Price Performance

Shares of CRH stock traded down $0.07 on Wednesday, hitting $98.09. 716,993 shares of the company's stock traded hands, compared to its average volume of 6,566,600. The firm's 50-day moving average price is $91.34 and its two-hundred day moving average price is $96.26. The stock has a market capitalization of $66.27 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH plc has a one year low of $71.18 and a one year high of $110.97.

CRH (NYSE:CRH - Get Free Report) last announced 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). The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. CRH had a net margin of 9.86% and a return on equity of 16.35%. On average, analysts forecast that CRH plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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 given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, May 23rd. CRH's dividend payout ratio is currently 23.52%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRH. JPMorgan Chase & Co. dropped their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Finally, Berenberg Bank set a $120.00 price target on CRH in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $112.58.

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.