Brooklyn Investment Group Grows Stock Holdings in Crh Plc $CRH

Brooklyn Investment Group lifted its holdings in Crh Plc (NYSE:CRH) by 1,152.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,565 shares of the construction company’s stock after acquiring an additional 1,440 shares during the period. Brooklyn Investment Group’s holdings in CRH were worth $138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in CRH by 62.8% in the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after purchasing an additional 24,591,538 shares in the last quarter. Nuveen LLC purchased a new stake in shares of CRH in the first quarter worth about $597,888,000. Massachusetts Financial Services Co. MA grew its stake in shares of CRH by 43.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after buying an additional 3,108,416 shares in the last quarter. AGF Management Ltd. raised its holdings in shares of CRH by 195.0% during the 1st quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company’s stock valued at $268,485,000 after buying an additional 2,017,484 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of CRH by 72.2% during the 4th quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company’s stock valued at $436,472,000 after buying an additional 1,978,225 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CRH shares. Royal Bank Of Canada restated an “outperform” rating and issued a $112.00 price target (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. 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. Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a report on Friday, August 8th. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price target (down previously from $120.00) on shares of CRH in a research note on Thursday, July 10th. Finally, Vertical Research raised shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CRH currently has a consensus rating of “Buy” and a consensus price target of $113.18.

CRH Trading Down 1.7%

Shares of NYSE:CRH opened at $110.5770 on Thursday. The firm has a market cap of $74.38 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The company has a fifty day simple moving average of $97.28 and a 200 day simple moving average of $95.63. Crh Plc has a 12-month low of $76.75 and a 12-month high of $113.95.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.12). The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.CRH’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 earnings per share. As a group, equities research analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 22nd. CRH’s payout ratio is currently 23.22%.

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.