Junto Capital Management LP Has $39.03 Million Holdings in CRH plc (NYSE:CRH)

Junto Capital Management LP trimmed its stake in CRH plc (NYSE:CRH) by 10.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 421,866 shares of the construction company’s stock after selling 49,435 shares during the period. Junto Capital Management LP’s holdings in CRH were worth $39,031,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Graham Capital Management L.P. raised its position in shares of CRH by 102.2% during the fourth quarter. Graham Capital Management L.P. now owns 77,937 shares of the construction company’s stock worth $7,211,000 after acquiring an additional 39,389 shares during the last quarter. Ethic Inc. raised its holdings in CRH by 82.5% during the 4th quarter. Ethic Inc. now owns 5,760 shares of the construction company’s stock worth $533,000 after purchasing an additional 2,603 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in shares of CRH by 26.9% in the 4th quarter. Ensign Peak Advisors Inc now owns 356,231 shares of the construction company’s stock worth $32,958,000 after purchasing an additional 75,454 shares during the period. Fiduciary Trust Co boosted its stake in shares of CRH by 5.9% in the 4th quarter. Fiduciary Trust Co now owns 7,002 shares of the construction company’s stock valued at $650,000 after purchasing an additional 390 shares during the last quarter. Finally, Clark Capital Management Group Inc. increased its position in shares of CRH by 1.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 980,396 shares of the construction company’s stock worth $90,706,000 after buying an additional 13,081 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

NYSE:CRH opened at $94.70 on Friday. The company has a market cap of $63.98 billion, a PE ratio of 18.94, a PEG ratio of 1.15 and a beta of 1.33. CRH plc has a one year low of $71.18 and a one year high of $110.97. The firm has a 50-day moving average of $91.43 and a 200-day moving average of $96.17.

CRH (NYSE:CRH) last announced its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.77 billion. On average, equities research analysts expect that CRH plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, May 23rd. CRH’s dividend payout ratio (DPR) is presently 23.52%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Berenberg Bank set a $120.00 price target on shares of CRH in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Loop Capital assumed coverage on CRH in a report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 target price for the company. Morgan Stanley restated an “overweight” rating on shares of CRH in a report on Wednesday. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $112.36.

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.