Crh Plc (NYSE:CRH) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. boosted its position in shares of Crh Plc (NYSE:CRH) by 6.2% in the 1st quarter, HoldingsChannel reports. The fund owned 293,170 shares of the construction company’s stock after acquiring an additional 17,004 shares during the period. Brown Advisory Inc.’s holdings in CRH were worth $25,790,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Ninety One SA PTY Ltd grew its stake in shares of CRH by 8.9% during the first quarter. Ninety One SA PTY Ltd now owns 61,484 shares of the construction company’s stock worth $5,400,000 after purchasing an additional 5,000 shares in the last quarter. Ninety One UK Ltd lifted its holdings in CRH by 9.1% during the 1st quarter. Ninety One UK Ltd now owns 2,779,171 shares of the construction company’s stock worth $244,484,000 after buying an additional 231,345 shares during the last quarter. Callan Capital LLC acquired a new position in shares of CRH during the 1st quarter worth about $203,000. Concurrent Investment Advisors LLC purchased a new position in shares of CRH in the 1st quarter valued at about $305,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of CRH by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 8,830,489 shares of the construction company’s stock valued at $776,818,000 after acquiring an additional 221,038 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of NYSE:CRH opened at $96.35 on Thursday. Crh Plc has a 1-year low of $74.03 and a 1-year high of $110.97. The stock has a market cap of $65.10 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.47 and a beta of 1.26. The firm has a fifty day moving average price of $93.46 and a 200 day moving average price of $94.50.

CRH (NYSE:CRH) last announced its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. Sell-side analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid a $0.37 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.54%. CRH’s dividend payout ratio (DPR) is currently 23.52%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRH. The Goldman Sachs Group restated a “neutral” rating on shares of CRH in a research note on Tuesday, May 6th. Royal Bank Of Canada reduced their price objective on shares of CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Loop Capital started coverage on shares of CRH in a research report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 target price on the stock. Sanford C. Bernstein assumed coverage on shares of CRH in a research note on Tuesday, May 13th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Morgan Stanley restated an “overweight” rating on shares of CRH in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $114.18.

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.