Janney Montgomery Scott LLC Increases Holdings in CRH plc (NYSE:CRH)

Janney Montgomery Scott LLC increased its stake in shares of CRH plc (NYSE:CRH - Free Report) by 40.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,157 shares of the construction company's stock after acquiring an additional 15,094 shares during the quarter. Janney Montgomery Scott LLC's holdings in CRH were worth $4,837,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CRH. GHP Investment Advisors Inc. grew its holdings in shares of CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock worth $25,000 after purchasing an additional 259 shares during the last quarter. UMB Bank n.a. raised its stake in shares of CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of CRH in the 2nd quarter worth approximately $43,000. Quarry LP bought a new stake in CRH during the 2nd quarter worth approximately $49,000. Finally, Blue Trust Inc. increased its stake in shares of CRH by 341.7% in the second quarter. Blue Trust Inc. now owns 848 shares of the construction company's stock valued at $64,000 after buying an additional 656 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of CRH stock traded up $0.01 during mid-day trading on Friday, hitting $100.67. The company's stock had a trading volume of 4,966,516 shares, compared to its average volume of 3,639,707. The company's fifty day simple moving average is $91.44 and its 200-day simple moving average is $84.15. CRH plc has a 52 week low of $58.12 and a 52 week high of $102.45.

CRH (NYSE:CRH - Get Free Report) 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. As a group, equities research analysts expect that CRH plc will post 5.41 earnings per share for the current year.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, November 22nd.

Analyst Ratings Changes

CRH has been the topic of several research reports. Barclays began coverage on CRH in a report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price objective on the stock. Truist Financial boosted their price target on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday. DA Davidson raised their price objective on CRH from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Finally, StockNews.com lowered CRH from a "buy" rating to a "hold" rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $101.90.

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.