Raiffeisen Bank International AG bought a new position in CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 101,075 shares of the construction company's stock, valued at approximately $9,086,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new position in shares of CRH in the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. increased its holdings in CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after acquiring an additional 240 shares in the last quarter. Colonial Trust Co SC bought a new stake in CRH during the 4th quarter worth approximately $37,000. Whipplewood Advisors LLC bought a new stake in CRH during the 4th quarter worth approximately $38,000. Finally, Deseret Mutual Benefit Administrators lifted its holdings in 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 purchasing an additional 236 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
CRH Stock Down 1.9%
CRH stock traded down $1.91 during midday trading on Tuesday, reaching $96.74. 3,352,785 shares of the stock traded hands, compared to its average volume of 5,788,223. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The stock's fifty day moving average is $91.51 and its 200-day moving average is $96.35. The stock has a market cap of $65.36 billion, a P/E ratio of 19.35, a PEG ratio of 1.15 and a beta of 1.33.
CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates 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. On average, equities analysts predict that CRH plc will post 5.47 EPS for the current fiscal year.
CRH Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a $0.37 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.53%. CRH's dividend payout ratio (DPR) is presently 23.52%.
Wall Street Analysts Forecast Growth
CRH has been the subject of a number of analyst reports. Berenberg Bank set a $120.00 price objective on shares of CRH in a research note on Friday, February 28th. JPMorgan Chase & Co. dropped their target price on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Sanford C. Bernstein initiated coverage on CRH in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $112.58.
Check Out Our Latest Research Report on CRH
About CRH
(
Free Report)
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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