Crh Plc (NYSE:CRH) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

by · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in Crh Plc (NYSE:CRH – Free Report) by 0.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 72,345 shares of the construction company’s stock after selling 433 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CRH were worth $6,364,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CRH. FMR LLC boosted its stake in CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company’s stock valued at $3,781,004,000 after acquiring an additional 4,687,345 shares during the period. Vanguard Group Inc. boosted its position in CRH by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company’s stock valued at $3,624,719,000 after purchasing an additional 145,101 shares during the period. Franklin Resources Inc. grew its stake in CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company’s stock worth $1,553,194,000 after buying an additional 2,437,868 shares during the last quarter. Norges Bank acquired a new stake in CRH in the fourth quarter worth $1,391,245,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in CRH by 12.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,195,372 shares of the construction company’s stock valued at $665,716,000 after buying an additional 820,479 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $94.48 on Thursday. Crh Plc has a 12-month low of $72.32 and a 12-month high of $110.97. The stock has a market capitalization of $63.84 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The firm has a 50 day simple moving average of $93.26 and a 200-day simple moving average of $94.50.

CRH (NYSE:CRH – Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). CRH had a net margin of 9.17% and a return on equity of 15.88%. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. On average, analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 annualized dividend and a yield of 1.57%. CRH’s dividend payout ratio is currently 23.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target 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. The Goldman Sachs Group reissued a “neutral” rating on shares of CRH in a research note on Tuesday, May 6th. Royal Bank Of Canada decreased their target price on shares of CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Sanford C. Bernstein started coverage on CRH in a report on Tuesday, May 13th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of CRH in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $114.18.

Get Our Latest Report on CRH

CRH Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH – Free Report).