Junto Capital Management LP Has $39.03 Million Stake in CRH plc (NYSE:CRH)

Junto Capital Management LP cut its holdings in shares of CRH plc (NYSE:CRH) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 421,866 shares of the construction company’s stock after selling 49,435 shares during the quarter. Junto Capital Management LP owned about 0.06% of CRH worth $39,031,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of CRH during the 4th quarter worth about $1,391,245,000. FMR LLC lifted its position in CRH by 13.0% during the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company’s stock worth $3,781,004,000 after acquiring an additional 4,687,345 shares during the last quarter. Franklin Resources Inc. grew its position in shares of CRH by 17.0% in the fourth quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company’s stock valued at $1,553,194,000 after purchasing an additional 2,437,868 shares during the last quarter. Deutsche Bank AG increased its stake in shares of CRH by 72.2% during the fourth quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company’s stock worth $436,472,000 after purchasing an additional 1,978,225 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in CRH by 931.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,977,992 shares of the construction company’s stock worth $183,004,000 after purchasing an additional 1,786,189 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 0.8 %

CRH stock opened at $94.70 on Friday. The stock has a market cap of $63.98 billion, a PE ratio of 18.94, a P/E/G ratio of 1.15 and a beta of 1.33. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The business’s 50-day moving average price is $91.43 and its two-hundred day moving average price is $96.17.

CRH (NYSE:CRH) last released its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. As a group, analysts expect that CRH plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, May 23rd. CRH’s dividend payout ratio (DPR) is 23.52%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Loop Capital assumed coverage on shares of CRH in a research report on Wednesday, April 9th. They set a “buy” rating and a $114.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 price objective on CRH in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $112.36.

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.