Vestcor Inc Sells 895 Shares of Crh Plc (NYSE:CRH)

Vestcor Inc trimmed its holdings in shares of Crh Plc (NYSE:CRH) by 6.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,564 shares of the construction company’s stock after selling 895 shares during the period. Vestcor Inc’s holdings in CRH were worth $1,105,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Bornite Capital Management LP bought a new stake in shares of CRH during the fourth quarter valued at approximately $13,878,000. FMR LLC grew its position in CRH by 13.0% in the 4th 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 period. Massachusetts Financial Services Co. MA grew its position in CRH by 43.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after purchasing an additional 3,108,416 shares during the period. GAMMA Investing LLC increased its stake in CRH by 27.4% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock valued at $169,000 after purchasing an additional 413 shares in the last quarter. Finally, Exane Asset Management raised its holdings in CRH by 22.2% during the first quarter. Exane Asset Management now owns 226,087 shares of the construction company’s stock worth $19,889,000 after buying an additional 41,013 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE:CRH opened at $95.31 on Friday. Crh Plc has a 1 year low of $74.03 and a 1 year high of $110.97. The company has a market capitalization of $64.40 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The business has a fifty day moving average price of $93.24 and a two-hundred day moving average price of $94.82.

CRH (NYSE:CRH) last posted its quarterly 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). CRH had a net margin of 9.17% and a return on equity of 15.88%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. Sell-side analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.37 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.6%. CRH’s dividend payout ratio (DPR) is presently 23.52%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRH. DA Davidson reiterated a “neutral” rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a research note on Wednesday, May 7th. The Goldman Sachs Group reissued a “neutral” rating on shares of CRH in a report on Tuesday, May 6th. Loop Capital began coverage on CRH in a report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 target price on the stock. Finally, Royal Bank Of Canada cut their target price on CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.82.

CRH Company 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.