Crh Plc $CRH Shares Acquired by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co raised its stake in shares of Crh Plc (NYSE:CRH) by 14.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,359 shares of the construction company’s stock after purchasing an additional 669 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in CRH were worth $471,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Diversify Advisory Services LLC increased its stake in CRH by 5.0% during the 1st 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 in the last quarter. Callan Family Office LLC increased its stake in CRH by 4.4% during the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after purchasing an additional 129 shares in the last quarter. Yousif Capital Management LLC increased its stake in CRH by 1.7% during the 1st 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 in the last quarter. Fifth Third Bancorp increased its stake in CRH by 0.9% during the 1st 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 in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in CRH by 1.4% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH opened at $111.98 on Tuesday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $114.40. The company has a fifty day moving average of $103.09 and a two-hundred day moving average of $96.30. The stock has a market capitalization of $75.32 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.46 and a beta of 1.31.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm 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 firm posted $1.88 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders 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 payout ratio is presently 23.22%.

Analysts Set New Price Targets

CRH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of CRH in a research note on Tuesday, August 26th. They set an “overweight” rating and a $130.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $112.00 target price (up previously from $108.00) on shares of CRH in a report on Friday, August 8th. DA Davidson reissued a “neutral” rating and set a $105.00 target price (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Sanford C. Bernstein started coverage on shares of CRH in a report on Tuesday, May 13th. They set an “outperform” rating and a $115.00 target price for the company. Finally, Vertical Research raised shares of CRH to a “strong-buy” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus target price of $114.64.

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.