Maryland State Retirement & Pension System Buys 844 Shares of Crh Plc $CRH

Maryland State Retirement & Pension System boosted its stake in Crh Plc (NYSE:CRH) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,964 shares of the construction company’s stock after purchasing an additional 844 shares during the period. Maryland State Retirement & Pension System’s holdings in CRH were worth $3,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ninety One UK Ltd lifted its stake in CRH by 13.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after purchasing an additional 364,319 shares during the last quarter. GSA Capital Partners LLP acquired a new position in CRH in the 1st quarter valued at approximately $744,000. Hsbc Holdings PLC increased its position in CRH by 100.2% in the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock valued at $39,318,000 after acquiring an additional 226,602 shares during the period. Massachusetts Financial Services Co. MA increased its position in CRH by 43.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after acquiring an additional 3,108,416 shares during the period. Finally, GAMMA Investing LLC increased its position in CRH by 27.4% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock valued at $169,000 after acquiring an additional 413 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.2%

CRH opened at $116.21 on Friday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $121.88. The company has a fifty day moving average of $112.47 and a 200-day moving average of $99.10. The stock has a market cap of $78.17 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.12). The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 earnings per share. Sell-side analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CRH shares. Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Royal Bank Of Canada upped their price target on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Morgan Stanley set a $134.00 price target on shares of CRH in a research report on Thursday. Finally, Wells Fargo & Company upgraded shares of CRH to a “strong-buy” rating in a research report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $127.21.

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.