Oppenheimer Asset Management Inc. Sells 3,798 Shares of Crh Plc (NYSE:CRH)

Oppenheimer Asset Management Inc. lessened its holdings in Crh Plc (NYSE:CRH) by 1.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 229,317 shares of the construction company’s stock after selling 3,798 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CRH were worth $20,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CRH. Orion Capital Management LLC bought a new stake in CRH in the 4th quarter valued at $28,000. Heck Capital Advisors LLC bought a new stake in CRH in the 4th quarter valued at $32,000. Park Square Financial Group LLC bought a new stake in CRH in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. increased its holdings in CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock valued at $33,000 after buying an additional 240 shares during the period. Finally, Colonial Trust Co SC bought a new stake in CRH in the 4th quarter valued at $37,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.0%

Shares of NYSE CRH opened at $88.11 on Monday. The firm’s 50-day simple moving average is $92.31 and its 200 day simple moving average is $94.89. The company has a market cap of $59.53 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. Crh Plc has a 12-month low of $71.18 and a 12-month high of $110.97.

CRH (NYSE:CRH) last issued 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). The company 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%. On average, equities analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.48 annualized dividend and a yield of 1.68%. CRH’s dividend payout ratio (DPR) is 23.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CRH shares. Loop Capital started coverage on shares of CRH in a research note on Wednesday, April 9th. They issued a “buy” rating and a $114.00 target price on the stock. Sanford C. Bernstein started coverage on shares of CRH in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 target price on the stock. Morgan Stanley restated an “overweight” rating on shares of CRH in a research note on Wednesday, May 7th. Royal Bank Of Canada reduced their target price on shares of CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Berenberg Bank set a $120.00 target price on shares of CRH in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $114.18.

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.