Crh Plc $CRH Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in shares of Crh Plc (NYSE:CRH) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,887 shares of the construction company’s stock after selling 12,430 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CRH were worth $19,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CRH. Vanguard Group Inc. lifted its position in shares of CRH by 62.8% during the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock worth $5,608,567,000 after purchasing an additional 24,591,538 shares during the last quarter. Nuveen LLC acquired a new stake in shares of CRH during the 1st quarter valued at approximately $597,888,000. Massachusetts Financial Services Co. MA raised its position in shares of CRH by 43.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after acquiring an additional 3,108,416 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CRH by 58,695.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after acquiring an additional 2,826,179 shares in the last quarter. Finally, AGF Management Ltd. grew its position 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 last quarter. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRH shares. Wells Fargo & Company raised shares of CRH to a “strong-buy” rating in a research report on Wednesday, October 8th. DA Davidson restated a “neutral” rating and set a $105.00 price objective (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Vertical Research upgraded CRH to a “strong-buy” rating in a research report on Friday, August 1st. Barclays lifted their price objective on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Morgan Stanley set a $134.00 price objective on shares of CRH in a research report on Thursday, October 9th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $127.71.

CRH Trading Up 2.0%

Shares of CRH stock opened at $120.19 on Friday. The stock has a market cap of $80.85 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.32. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.88. The company’s 50-day moving average price is $114.77 and its two-hundred day moving average price is $101.39.

CRH (NYSE:CRH) last posted its quarterly earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.12). The business had revenue of $10.21 billion during 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%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.88 EPS. On average, equities analysts predict 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 was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. CRH’s dividend payout ratio (DPR) is presently 23.22%.

CRH Company 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.