Asset Management One Co. Ltd. Has $23.69 Million Stock Holdings in Crh Plc $CRH

Asset Management One Co. Ltd. grew its holdings in Crh Plc (NYSE:CRH) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 258,077 shares of the construction company’s stock after buying an additional 503 shares during the quarter. Asset Management One Co. Ltd.’s holdings in CRH were worth $23,691,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CRH. GAMMA Investing LLC raised its stake in shares of CRH by 27.4% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock valued at $169,000 after buying an additional 413 shares in the last quarter. Moran Wealth Management LLC raised its stake in shares of CRH by 16.0% in the 1st quarter. Moran Wealth Management LLC now owns 2,581 shares of the construction company’s stock valued at $227,000 after buying an additional 356 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of CRH by 14.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 171,539 shares of the construction company’s stock valued at $15,090,000 after buying an additional 21,771 shares in the last quarter. PDS Planning Inc raised its stake in shares of CRH by 4.9% in the 1st quarter. PDS Planning Inc now owns 3,291 shares of the construction company’s stock valued at $290,000 after buying an additional 153 shares in the last quarter. Finally, Diversified Trust Co raised its stake in shares of CRH by 1.8% in the 1st quarter. Diversified Trust Co now owns 12,536 shares of the construction company’s stock valued at $1,103,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 2.0%

CRH opened at $120.19 on Friday. The stock has a market capitalization of $80.85 billion, a PE ratio of 25.14, a PEG ratio of 1.70 and a beta of 1.32. Crh Plc has a 1-year low of $76.75 and a 1-year high of $121.88. The firm has a 50-day moving average price of $114.77 and a two-hundred day moving average price of $101.39.

CRH (NYSE:CRH) last posted 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 during the quarter, compared to analyst estimates of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 EPS. On average, research analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 22nd. CRH’s dividend payout ratio (DPR) is presently 23.22%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRH. Royal Bank Of Canada increased their price objective on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wells Fargo & Company upgraded shares of CRH to a “strong-buy” rating in a research report on Wednesday, October 8th. DA Davidson reiterated a “neutral” rating and set a $105.00 target price (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Finally, Bank of America assumed coverage on shares of CRH in a research report on Friday, September 26th. They set a “buy” rating and a $128.00 target price for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $127.71.

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.