Nuveen Asset Management LLC Has $613.74 Million Stake in CRH plc (NYSE:CRH)

Nuveen Asset Management LLC lessened its stake in CRH plc (NYSE:CRH - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,633,084 shares of the construction company's stock after selling 86,204 shares during the quarter. Nuveen Asset Management LLC owned about 0.98% of CRH worth $613,737,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRH. Norges Bank bought a new stake in CRH in the fourth quarter valued at about $1,391,245,000. FMR LLC grew its stake in CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after acquiring an additional 4,687,345 shares during the period. Franklin Resources Inc. grew its stake in 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 acquiring an additional 2,437,868 shares during the period. Deutsche Bank AG grew its stake in CRH by 72.2% in the fourth quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company's stock valued at $436,472,000 after acquiring an additional 1,978,225 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in CRH by 931.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,977,992 shares of the construction company's stock valued at $183,004,000 after acquiring an additional 1,786,189 shares during the period. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

NYSE CRH traded up $1.15 during trading hours on Friday, hitting $98.98. 3,180,808 shares of the company traded hands, compared to its average volume of 5,795,153. The business's 50-day moving average is $91.51 and its 200-day moving average is $96.32. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The stock has a market capitalization of $66.87 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.15 and a beta of 1.33.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a net margin of 9.86% and a return on equity of 16.35%. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. Analysts predict that CRH plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRH. Berenberg Bank set a $120.00 target price on CRH in a research note 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 for the company in a research note on Monday, April 14th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. Finally, Sanford C. Bernstein began coverage on CRH in a research report on Tuesday. They set an "outperform" rating and a $115.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus 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.