Crh Plc (NYSE:CRH) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of Crh Plc (NYSE:CRH) by 1.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 42,130 shares of the construction company’s stock after selling 530 shares during the quarter. Amalgamated Bank’s holdings in CRH were worth $3,706,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its position in shares of CRH by 13.0% during the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company’s stock worth $3,781,004,000 after purchasing an additional 4,687,345 shares during the last quarter. Vanguard Group Inc. increased its stake in CRH by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company’s stock worth $3,624,719,000 after buying an additional 145,101 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of 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 acquiring an additional 2,437,868 shares during the last quarter. Norges Bank purchased a new position in shares of CRH in the fourth quarter valued at approximately $1,391,245,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of CRH by 12.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,195,372 shares of the construction company’s stock worth $665,716,000 after acquiring an additional 820,479 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CRH shares. Morgan Stanley reissued an “overweight” rating on shares of CRH in a research note on Wednesday, May 7th. Loop Capital initiated coverage on shares of CRH in a report on Wednesday, April 9th. They set a “buy” rating and a $114.00 target price for the company. The Goldman Sachs Group reissued a “neutral” rating on shares of CRH in a research note on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price objective on shares of CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Royal Bank Of Canada cut their price objective on shares of CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $114.18.

CRH Trading Up 0.8%

CRH stock opened at $95.25 on Friday. The company has a 50-day moving average price of $93.34 and a 200 day moving average price of $94.48. Crh Plc has a 12-month low of $72.32 and a 12-month high of $110.97. The stock has a market cap of $64.36 billion, a P/E ratio of 20.18, a PEG ratio of 1.45 and a beta of 1.26.

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 analysts’ consensus estimates of ($0.06) by ($0.06). The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. As a group, analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were given a $0.37 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.55%. CRH’s dividend payout ratio is currently 23.52%.

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.