Raymond James & Associates increased its holdings in CRH plc (NYSE:CRH - Free Report) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,778 shares of the construction company's stock after acquiring an additional 41,308 shares during the quarter. Raymond James & Associates owned about 0.06% of CRH worth $29,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. First Financial Corp IN bought a new position in shares of CRH during the first quarter valued at approximately $26,000. Orion Capital Management LLC boosted its holdings in CRH by 100.0% in the fourth quarter. Orion Capital Management LLC now owns 400 shares of the construction company's stock worth $28,000 after acquiring an additional 200 shares in the last quarter. NBC Securities Inc. grew its stake in shares of CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company's stock worth $35,000 after acquiring an additional 173 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of CRH during the fourth quarter valued at $37,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of CRH in the 4th quarter worth about $47,000. 62.50% of the stock is currently owned by institutional investors.
CRH Stock Performance
Shares of CRH stock traded up $2.10 on Wednesday, reaching $87.39. The stock had a trading volume of 3,650,768 shares, compared to its average volume of 5,263,474. CRH plc has a 1 year low of $51.59 and a 1 year high of $88.00. The stock has a market cap of $60.01 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. The company has a 50 day simple moving average of $79.11 and a 200 day simple moving average of $80.14.
CRH (NYSE:CRH - Get Free Report) last announced its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to analysts' expectations of $10.16 billion. On average, equities research analysts anticipate that CRH plc will post 5.39 earnings per share for the current fiscal year.
CRH Cuts Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, August 23rd will be given a dividend of $0.35 per share. The ex-dividend date is Friday, August 23rd. This represents a yield of 1.7%. CRH's dividend payout ratio (DPR) is 29.97%.
Analyst Upgrades and Downgrades
CRH has been the subject of a number of analyst reports. StockNews.com lowered shares of CRH from a "buy" rating to a "hold" rating in a research note on Friday, August 16th. Stephens initiated coverage on shares of CRH in a research report on Tuesday, June 18th. They set an "overweight" rating and a $95.00 price target for the company. Truist Financial boosted their price objective on shares of CRH from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 9th. DA Davidson increased their target price on CRH from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Finally, Morgan Stanley raised CRH from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $87.00 to $88.00 in a report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.70.
Check Out Our Latest Report on CRH
About CRH
(
Free Report)
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.
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