Crh Plc (NYSE:CRH) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC grew its holdings in shares of Crh Plc (NYSE:CRH) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,196 shares of the construction company’s stock after purchasing an additional 139 shares during the period. Yousif Capital Management LLC’s holdings in CRH were worth $721,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in CRH during the fourth quarter worth about $1,391,245,000. FMR LLC grew its holdings in shares of CRH by 13.0% during the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company’s stock valued at $3,781,004,000 after purchasing an additional 4,687,345 shares during the last quarter. Franklin Resources Inc. raised its position in shares of CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company’s stock worth $1,553,194,000 after purchasing an additional 2,437,868 shares during the period. Deutsche Bank AG raised its position in shares of CRH by 72.2% during the 4th 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. raised its position in shares of 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 period. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CRH shares. Loop Capital initiated coverage on CRH in a research note on Wednesday, April 9th. They set a “buy” rating and a $114.00 price objective for the company. Sanford C. Bernstein initiated coverage on shares of CRH in a report on Tuesday, May 13th. They set an “outperform” rating and a $115.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of CRH in a report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of CRH in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $114.18.

CRH Trading Down 0.9%

Shares of NYSE:CRH opened at $89.00 on Friday. The company has a 50 day moving average of $92.25 and a 200-day moving average of $95.11. The firm has a market cap of $60.13 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.35 and a beta of 1.28. Crh Plc has a twelve month low of $71.18 and a twelve month high of $110.97.

CRH (NYSE:CRH) last released its 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). The firm had revenue of $6.76 billion during 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%. Equities research analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. CRH’s dividend payout ratio (DPR) is 23.52%.

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.