Redwood Investments LLC Has $5.65 Million Stock Position in CRH plc (NYSE:CRH)

Redwood Investments LLC raised its stake in CRH plc (NYSE:CRH - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,044 shares of the construction company's stock after purchasing an additional 6,288 shares during the quarter. CRH makes up about 1.5% of Redwood Investments LLC's portfolio, making the stock its 17th biggest holding. Redwood Investments LLC's holdings in CRH were worth $5,648,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arkadios Wealth Advisors raised its position in shares of CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock worth $216,000 after acquiring an additional 109 shares during the last quarter. Covestor Ltd lifted 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 acquiring an additional 128 shares during the period. Parallel Advisors LLC grew its position in shares of CRH by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock valued at $630,000 after acquiring an additional 129 shares during the period. First Eagle Investment Management LLC increased its holdings in CRH by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock worth $405,000 after acquiring an additional 136 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position 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 worth $90,000 after acquiring an additional 150 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 1.2%

CRH traded up $1.15 during trading on Friday, reaching $98.98. The stock had a trading volume of 3,180,808 shares, compared to its average volume of 5,801,833. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The stock has a 50 day moving average of $91.51 and a two-hundred day moving average of $96.32. The firm has a market capitalization of $66.87 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth 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 the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. On average, research analysts forecast that CRH plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 23rd. CRH's dividend payout ratio (DPR) is currently 23.52%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Berenberg Bank set a $120.00 target price on CRH in a research note on Friday, February 28th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday. They set an "outperform" rating and a $115.00 price target on the stock. Royal Bank of Canada cut their target price on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research report on Tuesday, May 6th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus 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.