Crh Plc (NYSE:CRH) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in Crh Plc (NYSE:CRH) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,097,183 shares of the construction company’s stock after selling 1,250,959 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.61% of CRH worth $360,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Diversify Advisory Services LLC increased its stake in CRH by 5.0% in the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after purchasing an additional 123 shares during the last quarter. Covestor Ltd increased its stake in CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company’s stock valued at $70,000 after purchasing an additional 128 shares during the last quarter. Yousif Capital Management LLC increased its stake in CRH by 1.7% in the first quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company’s stock valued at $721,000 after purchasing an additional 139 shares during the last quarter. Fifth Third Bancorp increased its stake in CRH by 0.9% in the first quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company’s stock valued at $1,342,000 after purchasing an additional 140 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in CRH by 1.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 10,387 shares of the construction company’s stock valued at $914,000 after purchasing an additional 141 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRH has been the subject of several analyst reports. Vertical Research upgraded CRH to a “strong-buy” rating in a research note on Friday, August 1st. DA Davidson restated a “neutral” rating and set a $105.00 price target (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Morgan Stanley restated an “overweight” rating on shares of CRH in a research note on Friday. The Goldman Sachs Group restated a “neutral” rating on shares of CRH in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $112.00 price target (up from $108.00) on shares of CRH in a research note on Friday. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $113.18.

CRH Price Performance

Shares of NYSE CRH opened at $112.15 on Wednesday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $112.19. The business has a 50-day moving average of $94.92 and a 200-day moving average of $95.07. The company has a market capitalization of $75.77 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.38 and a beta of 1.26.

CRH (NYSE:CRH) last issued its earnings results 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). CRH had a return on equity of 15.68% and a net margin of 9.09%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.27 billion. During the same period in the previous year, the company earned $1.88 EPS. CRH’s quarterly revenue was up 5.7% on a year-over-year basis. Research analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 22nd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. CRH’s dividend payout ratio is currently 23.22%.

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.