Suvretta Capital Management LLC reduced its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 436,394 shares of the construction company's stock after selling 102,500 shares during the period. CRH comprises about 1.4% of Suvretta Capital Management LLC's investment portfolio, making the stock its 25th biggest position. Suvretta Capital Management LLC owned 0.06% of CRH worth $40,375,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in CRH by 7.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company's stock valued at $144,605,000 after buying an additional 114,072 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock worth $3,012,000 after acquiring an additional 5,889 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of CRH by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company's stock worth $226,732,000 after acquiring an additional 232,977 shares in the last quarter. Merit Financial Group LLC grew its position in CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock worth $2,151,000 after acquiring an additional 5,610 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in CRH by 19.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company's stock valued at $6,733,000 after purchasing an additional 12,076 shares in the last quarter. Institutional investors own 62.50% of the company's stock.
CRH Stock Performance
CRH traded down $1.91 during trading on Tuesday, reaching $96.74. 3,791,990 shares of the company's stock were exchanged, compared to its average volume of 5,803,267. The company's fifty day moving average price is $91.51 and its 200-day moving average price is $96.35. The firm has a market capitalization of $65.36 billion, a PE ratio of 19.35, a P/E/G ratio of 1.15 and a beta of 1.33. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.
CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $6.76 billion during 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%. Research analysts forecast that CRH plc will post 5.47 earnings per share for the current fiscal year.
CRH Announces Dividend
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 issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, May 23rd. CRH's dividend payout ratio (DPR) is 23.52%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on CRH. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Berenberg Bank set a $120.00 price objective on shares of CRH in a research report on Friday, February 28th. Sanford C. Bernstein initiated coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. Royal Bank of Canada decreased their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley reissued an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $112.58.
Read Our Latest Stock 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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