Asset Management One Co. Ltd. Purchases 11,685 Shares of Crh Plc (NYSE:CRH)

Asset Management One Co. Ltd. grew its position in shares of Crh Plc (NYSE:CRH) by 4.8% in the 1st quarter, HoldingsChannel reports. The fund owned 257,574 shares of the construction company’s stock after buying an additional 11,685 shares during the period. Asset Management One Co. Ltd.’s holdings in CRH were worth $22,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in CRH during the fourth quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in CRH during the fourth quarter worth $32,000. Park Square Financial Group LLC bought a new stake in CRH during the fourth quarter worth $32,000. Brown Brothers Harriman & Co. grew its holdings in CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock worth $33,000 after buying an additional 240 shares in the last quarter. Finally, Colonial Trust Co SC bought a new stake in CRH during the fourth quarter worth $37,000. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CRH. Sanford C. Bernstein began 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. Loop Capital began coverage on CRH in a research report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price objective on the stock. Wall Street Zen raised CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, Royal Bank Of Canada cut their price objective on CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $114.18.

CRH Price Performance

Shares of NYSE CRH opened at $88.71 on Thursday. Crh Plc has a one year low of $71.18 and a one year high of $110.97. The business’s fifty day moving average price is $92.58 and its 200-day moving average price is $94.74. The stock has a market capitalization of $59.94 billion, a PE ratio of 18.79, a P/E/G ratio of 1.39 and a beta of 1.28.

CRH (NYSE:CRH) last issued its quarterly earnings data 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). The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. As a group, equities analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were issued a dividend of $0.37 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.67%. CRH’s dividend payout ratio (DPR) is 23.52%.

CRH 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.