Point72 Hong Kong Ltd Takes Position in CRH plc (NYSE:CRH)

Point72 Hong Kong Ltd bought a new stake in CRH plc (NYSE:CRH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 38,071 shares of the construction company's stock, valued at approximately $3,522,000.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in shares of CRH during the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. increased its holdings in shares of CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after acquiring an additional 240 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of CRH during the fourth quarter valued at approximately $37,000. Whipplewood Advisors LLC purchased a new position in shares of CRH during the fourth quarter valued at approximately $38,000. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of CRH by 87.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock valued at $47,000 after buying an additional 236 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Down 1.2%

Shares of CRH traded down $1.22 during mid-day trading on Tuesday, hitting $97.43. 1,359,400 shares of the company's stock traded hands, compared to its average volume of 5,780,556. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The firm has a market capitalization of $65.83 billion, a P/E ratio of 19.47, a PEG ratio of 1.15 and a beta of 1.33. The business's 50-day moving average price is $91.51 and its 200-day moving average price is $96.35.

CRH (NYSE:CRH - Get Free Report) last released 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). CRH had a net margin of 9.86% and a return on equity of 16.35%. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. Sell-side analysts anticipate that CRH plc will post 5.47 earnings per share 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 issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, May 23rd. CRH's dividend payout ratio (DPR) is 23.52%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CRH. Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Sanford C. Bernstein initiated coverage on CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price objective on the stock. Loop Capital began coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target on the stock. Berenberg Bank set a $120.00 price objective on CRH in a report on Friday, February 28th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average 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.