Janus Henderson Group PLC Cuts Stock Holdings in CRH plc (NYSE:CRH)

Janus Henderson Group PLC decreased its position in shares of CRH plc (NYSE:CRH) by 20.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,927,703 shares of the construction company’s stock after selling 761,128 shares during the quarter. Janus Henderson Group PLC owned 0.43% of CRH worth $271,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CRH. Norges Bank purchased a new stake in shares of CRH during the fourth quarter valued at approximately $1,391,245,000. FMR LLC lifted its position in 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 period. Franklin Resources Inc. lifted its position in CRH by 17.0% during the fourth quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company’s stock valued at $1,553,194,000 after purchasing an additional 2,437,868 shares during the period. Deutsche Bank AG lifted its position in CRH by 72.2% during the fourth quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company’s stock valued at $436,472,000 after purchasing an additional 1,978,225 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in CRH by 931.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,977,992 shares of the construction company’s stock valued at $183,004,000 after purchasing an additional 1,786,189 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRH. The Goldman Sachs Group restated a “neutral” rating on shares of CRH in a research report on Tuesday, May 6th. Loop Capital initiated coverage on shares of CRH in a research report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price target on the stock. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada decreased their price target on shares of CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of CRH in a research report on Wednesday. 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 stock. Based on data from MarketBeat.com, CRH has an average rating of “Buy” and a consensus target price of $112.36.

CRH Price Performance

Shares of NYSE CRH opened at $94.70 on Monday. The firm has a fifty day moving average price of $91.43 and a 200-day moving average price of $96.20. The stock has a market cap of $63.98 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97.

CRH (NYSE:CRH) last posted its 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). The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.77 billion. CRH had a net margin of 9.86% and a return on equity of 16.35%. On average, research analysts expect that CRH plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be paid a $0.37 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. CRH’s payout ratio is currently 23.52%.

CRH 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.