The Manufacturers Life Insurance Company Has $85.04 Million Holdings in Crh Plc $CRH

The Manufacturers Life Insurance Company grew its holdings in shares of Crh Plc (NYSE:CRH) by 6.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 967,225 shares of the construction company’s stock after buying an additional 56,121 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.14% of CRH worth $85,042,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Diversify Advisory Services LLC boosted its holdings in shares of CRH by 5.0% during the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock worth $240,000 after buying an additional 123 shares in the last quarter. Callan Family Office LLC boosted its holdings in shares of CRH by 4.4% during the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock worth $270,000 after buying an additional 129 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of CRH by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company’s stock worth $721,000 after buying an additional 139 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of CRH by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company’s stock worth $1,342,000 after buying an additional 140 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in CRH by 1.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 10,387 shares of the construction company’s stock worth $914,000 after buying an additional 141 shares during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

NYSE:CRH opened at $112.89 on Friday. The company has a market cap of $75.94 billion, a PE ratio of 23.62, a PEG ratio of 1.45 and a beta of 1.26. The firm has a 50-day moving average of $100.51 and a 200-day moving average of $96.12. Crh Plc has a one year low of $76.75 and a one year high of $114.40.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 earnings per share. On average, equities research analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a research note on Friday, August 8th. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price target (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $112.00 price target (up from $108.00) on shares of CRH in a research note on Friday, August 8th. Sanford C. Bernstein initiated coverage on CRH in a research note on Tuesday, May 13th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Vertical Research raised CRH to a “strong-buy” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $114.64.

About CRH

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.