Colonial Trust Co SC Invests $37,000 in CRH plc (NYSE:CRH)

Colonial Trust Co SC acquired a new position in CRH plc (NYSE:CRHFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 404 shares of the construction company’s stock, valued at approximately $37,000.

A number of other institutional investors also recently bought and sold shares of CRH. Norges Bank purchased a new stake in CRH in the fourth quarter worth about $1,391,245,000. FMR LLC increased its holdings in CRH by 13.0% in the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company’s stock worth $3,781,004,000 after acquiring an additional 4,687,345 shares in the last quarter. Franklin Resources Inc. raised its stake in 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 acquiring an additional 2,437,868 shares during the period. Balyasny Asset Management L.P. lifted its holdings in CRH by 103.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,454,425 shares of the construction company’s stock valued at $227,083,000 after purchasing an additional 1,248,163 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of CRH by 173.4% in the fourth quarter. AQR Capital Management LLC now owns 1,722,786 shares of the construction company’s stock worth $159,392,000 after purchasing an additional 1,092,630 shares during the period. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of CRH in a research note on Wednesday, April 9th. They set a “buy” rating and a $114.00 target price on the stock. Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th. Royal Bank of Canada cut their target price on CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of CRH in a research report on Tuesday. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CRH has an average rating of “Buy” and an average price target of $112.36.

View Our Latest Analysis on CRH

CRH Stock Performance

Shares of CRH opened at $94.70 on Friday. The stock has a market capitalization of $64.05 billion, a PE ratio of 18.94, a P/E/G ratio of 1.15 and a beta of 1.33. The company’s fifty day moving average is $91.43 and its 200 day moving average is $96.13. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH (NYSE:CRHGet Free Report) last posted 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). CRH had a return on equity of 16.35% and a net margin of 9.86%. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. As a group, research analysts forecast that CRH plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, May 23rd. CRH’s payout ratio is 22.66%.

CRH Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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