Meiji Yasuda Asset Management Co Ltd. Sells 256 Shares of Crh Plc $CRH

Meiji Yasuda Asset Management Co Ltd. cut its stake in shares of Crh Plc (NYSE:CRH) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,534 shares of the construction company’s stock after selling 256 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in CRH were worth $839,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRH shares. DA Davidson restated a “neutral” rating and issued 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 restated an “outperform” rating and issued a $112.00 price target (up from $108.00) on shares of CRH in a research note on Friday, August 8th. Sanford C. Bernstein started coverage on CRH in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 price target for the company. JPMorgan Chase & Co. started coverage on CRH in a research note on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 price target for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of CRH in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $114.64.

CRH Stock Down 1.2%

CRH stock opened at $110.74 on Wednesday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $114.40. The company has a fifty day simple moving average of $103.44 and a two-hundred day simple moving average of $96.40. The firm has a market capitalization of $74.49 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31.

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

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, August 22nd. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio (DPR) is 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.