OMERS ADMINISTRATION Corp Takes $442,000 Position in CRH plc (NYSE:CRH)

OMERS ADMINISTRATION Corp purchased a new position in shares of CRH plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,773 shares of the construction company’s stock, valued at approximately $442,000.

A number of other institutional investors also recently modified their holdings of the business. Arkadios Wealth Advisors raised its stake in CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after acquiring an additional 109 shares in the last quarter. Covestor Ltd increased its position in CRH by 20.4% during the 4th quarter. Covestor Ltd now owns 755 shares of the construction company’s stock worth $70,000 after purchasing an additional 128 shares in the last quarter. Parallel Advisors LLC lifted its stake in CRH by 1.9% in the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock valued at $630,000 after purchasing an additional 129 shares during the last quarter. First Eagle Investment Management LLC boosted its position in CRH by 3.2% in the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock valued at $405,000 after buying an additional 136 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 1.2%

CRH opened at $98.98 on Monday. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The company has a fifty day moving average of $91.51 and a 200-day moving average of $96.33. The stock has a market cap of $66.87 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33.

CRH (NYSE:CRH) last issued its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share 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 business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. Sell-side analysts anticipate that CRH plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 annualized dividend and a yield of 1.50%. CRH’s dividend payout ratio is currently 23.52%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a research note on Wednesday, May 7th. Loop Capital initiated coverage on CRH in a research report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 target price for the company. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 target price on shares of CRH in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $112.58.

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.