Voya Investment Management LLC Has $3.15 Million Position in Crh Plc $CRH

Voya Investment Management LLC lowered its holdings in Crh Plc (NYSE:CRH) by 21.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,930 shares of the construction company’s stock after selling 9,875 shares during the quarter. Voya Investment Management LLC’s holdings in CRH were worth $3,149,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CRH. Vanguard Group Inc. lifted its stake in shares of CRH by 62.8% during the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after acquiring an additional 24,591,538 shares during the period. Nuveen LLC acquired a new position in shares of CRH during the first quarter valued at $597,888,000. Massachusetts Financial Services Co. MA increased its holdings in CRH by 43.2% in the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CRH by 58,695.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after purchasing an additional 2,826,179 shares during the last quarter. Finally, AGF Management Ltd. increased its holdings in CRH by 195.0% in the first quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company’s stock valued at $268,485,000 after purchasing an additional 2,017,484 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $113.05 on Friday. The stock’s fifty day moving average price is $106.24 and its two-hundred day moving average price is $97.06. Crh Plc has a one year low of $76.75 and a one year high of $114.83. The firm has a market cap of $76.04 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the business earned $1.88 EPS. CRH’s revenue was up 5.7% on a year-over-year basis. Sell-side analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 22nd. CRH’s dividend payout ratio (DPR) is 23.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CRH shares. Morgan Stanley reiterated an “overweight” rating on shares of CRH in a report on Tuesday, September 2nd. Vertical Research upgraded CRH to a “strong-buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. started coverage on CRH in a report on Tuesday, August 26th. They set an “overweight” rating and a $130.00 price objective for the company. Sanford C. Bernstein increased their price target on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $112.00 price target (up from $108.00) on shares of CRH in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $116.00.

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.