Cwm LLC Increases Stock Position in CRH plc (NYSE:CRH)

Cwm LLC grew its position in CRH plc (NYSE:CRH) by 37.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,058 shares of the construction company’s stock after purchasing an additional 560 shares during the period. Cwm LLC’s holdings in CRH were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of CRH in the third quarter valued at about $1,484,901,000. Norges Bank bought a new position in CRH during the fourth quarter valued at about $1,014,454,000. Greenhaven Associates Inc. grew its position in CRH by 0.9% during the fourth quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock valued at $770,576,000 after buying an additional 103,510 shares during the period. Boston Partners grew its position in CRH by 13.1% during the fourth quarter. Boston Partners now owns 8,106,296 shares of the construction company’s stock valued at $560,933,000 after buying an additional 937,804 shares during the period. Finally, Wellington Management Group LLP bought a new position in CRH during the third quarter valued at about $416,982,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CRH. StockNews.com lowered shares of CRH from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Vertical Research assumed coverage on shares of CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 target price for the company. Jefferies Financial Group increased their target price on shares of CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Stephens assumed coverage on shares of CRH in a research report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $82.00 target price (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.11.

CRH Trading Down 0.3 %

CRH stock opened at $75.77 on Friday. The firm has a 50 day moving average of $79.45 and a 200-day moving average of $76.84. CRH plc has a 12 month low of $51.59 and a 12 month high of $88.00. The firm has a market capitalization of $52.03 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30.

CRH (NYSE:CRH) last released its quarterly earnings data on Friday, May 10th. The construction company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.60 billion. Sell-side analysts predict that CRH plc will post 5.36 EPS for the current year.

CRH Increases Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, May 24th will be paid a $0.35 dividend. This is an increase from CRH’s previous Variable dividend of $0.23. This represents a yield of 1.7%. The ex-dividend date is Thursday, May 23rd. CRH’s dividend payout ratio (DPR) is currently 25.94%.

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.