Sumitomo Mitsui Trust Group Inc. Sells 34,923 Shares of Crh Plc $CRH

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Crh Plc (NYSE:CRH – Free Report) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,621,443 shares of the construction company’s stock after selling 34,923 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in CRH were worth $202,356,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CRH. NewEdge Advisors LLC raised its holdings in shares of CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after purchasing an additional 5,316 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 658 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of CRH by 58.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after purchasing an additional 1,579 shares in the last quarter. Sei Investments Co. grew its position in shares of CRH by 18.9% in the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after buying an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of CRH by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after buying an additional 2,348 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.1%

NYSE:CRH opened at $117.96 on Monday. The company has a market cap of $78.82 billion, a PE ratio of 21.37, a P/E/G ratio of 2.06 and a beta of 1.35. Crh Plc has a twelve month low of $81.60 and a twelve month high of $131.55. The company’s 50 day moving average is $113.44 and its two-hundred day moving average is $117.94.

CRH (NYSE:CRH – Get Free Report) last released its earnings results on Thursday, February 19th. The construction company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). The company had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. As a group, analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.56 annualized dividend and a yield of 1.3%. This is a boost from CRH’s previous quarterly dividend of $0.37. CRH’s payout ratio is presently 28.26%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Citigroup lifted their price objective on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. UBS Group lifted their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company lifted their price objective on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.69.

Read Our Latest Analysis on CRH

CRH Profile

(Free Report)

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.

Further Reading

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