Point72 Asset Management L.P. Acquires 1,089,555 Shares of CRH plc (NYSE:CRH)

Point72 Asset Management L.P. increased its stake in shares of CRH plc (NYSE:CRH - Free Report) by 266.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,499,041 shares of the construction company's stock after acquiring an additional 1,089,555 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.22% of CRH worth $138,691,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Arkadios Wealth Advisors lifted its holdings in shares of CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock worth $216,000 after purchasing an additional 109 shares in the last quarter. Covestor Ltd raised its holdings in CRH by 20.4% during the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock worth $70,000 after buying an additional 128 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of CRH by 1.9% in 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 in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of CRH by 3.2% in 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of CRH by 18.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock valued at $90,000 after buying an additional 150 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

NYSE:CRH traded down $1.31 during trading on Tuesday, reaching $97.34. The company's stock had a trading volume of 1,495,441 shares, compared to its average volume of 6,453,542. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The firm has a market cap of $65.77 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. The firm has a 50 day moving average of $91.51 and a 200-day moving average of $96.35.

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 for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. CRH had a net margin of 9.86% and a return on equity of 16.35%. Equities research analysts forecast that CRH plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company 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. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.52%. CRH's dividend payout ratio is presently 23.52%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CRH. Sanford C. Bernstein started coverage on shares of CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective 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 began coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. One 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $112.58.

CRH 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.