Crh Plc $CRH Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in shares of Crh Plc (NYSE:CRHFree Report) by 15.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,091 shares of the construction company’s stock after purchasing an additional 3,952 shares during the period. New York State Teachers Retirement System’s holdings in CRH were worth $2,671,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of CRH by 27.4% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock worth $169,000 after acquiring an additional 413 shares during the period. Blue Trust Inc. lifted its holdings in shares of CRH by 86.9% during the 1st quarter. Blue Trust Inc. now owns 2,546 shares of the construction company’s stock worth $224,000 after acquiring an additional 1,184 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of CRH by 13.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 29,880 shares of the construction company’s stock worth $2,629,000 after acquiring an additional 3,648 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of CRH by 4.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 257,574 shares of the construction company’s stock worth $22,659,000 after acquiring an additional 11,685 shares during the period. Finally, Keudell Morrison Wealth Management purchased a new position in shares of CRH during the 1st quarter worth about $225,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRH has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Wells Fargo & Company upgraded shares of CRH to a “strong-buy” rating in a report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of CRH from $112.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Morgan Stanley set a $134.00 price objective on shares of CRH in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. began coverage on shares of CRH in a report on Tuesday, August 26th. They issued an “overweight” rating and a $130.00 price target on the stock. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $127.71.

Read Our Latest Stock Analysis on CRH

CRH Stock Up 0.7%

CRH opened at $118.26 on Wednesday. The firm has a market capitalization of $79.55 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.66 and a beta of 1.32. The firm’s 50 day moving average is $114.40 and its 200-day moving average is $100.60. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.88.

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

CRH Dividend Announcement

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

About CRH

(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.

Read More

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRHFree Report).

Institutional Ownership by Quarter for CRH (NYSE:CRH)

Receive News & Ratings for CRH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH and related companies with MarketBeat.com's FREE daily email newsletter.