Asset Management One Co. Ltd. Has $22.73 Million Position in CRH plc (NYSE:CRH)

Asset Management One Co. Ltd. increased its stake in shares of CRH plc (NYSE:CRH) by 0.8% in the third quarter, Holdings Channel.com reports. The firm owned 245,128 shares of the construction company’s stock after buying an additional 1,852 shares during the quarter. Asset Management One Co. Ltd.’s holdings in CRH were worth $22,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRH. Greenhaven Associates Inc. increased its holdings in shares of CRH by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock worth $1,034,540,000 after buying an additional 35,209 shares in the last quarter. Bank of New York Mellon Corp raised its position in CRH by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock valued at $646,188,000 after purchasing an additional 431,172 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of CRH by 35,497.5% during the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after purchasing an additional 5,068,682 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of CRH by 36,503.4% during the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after purchasing an additional 4,825,752 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of CRH by 103.9% in the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after buying an additional 2,365,589 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 2.6 %

NYSE:CRH opened at $96.90 on Wednesday. CRH plc has a twelve month low of $56.88 and a twelve month high of $97.06. The company has a fifty day moving average of $90.75 and a 200-day moving average of $83.72.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. On average, sell-side analysts predict that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a yield of 1.7%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup cut their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. DA Davidson boosted their price objective on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Barclays started coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Finally, Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $97.00.

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.