Bailard Inc. decreased its position in CRH plc (NYSE:CRH - Free Report) by 74.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,106 shares of the construction company's stock after selling 74,936 shares during the period. Bailard Inc.'s holdings in CRH were worth $1,957,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of CRH. Massmutual Trust Co. FSB ADV grew its holdings in shares of CRH by 17.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company's stock valued at $79,000 after acquiring an additional 133 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in CRH by 3.4% in the first quarter. Janiczek Wealth Management LLC now owns 4,908 shares of the construction company's stock valued at $423,000 after purchasing an additional 160 shares in the last quarter. NBC Securities Inc. increased its position in shares of CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company's stock worth $35,000 after purchasing an additional 173 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of CRH by 30.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company's stock worth $54,000 after purchasing an additional 183 shares in the last quarter. Finally, Orion Capital Management LLC boosted its holdings in shares of CRH by 100.0% in the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company's stock valued at $28,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
CRH Stock Down 2.1 %
Shares of CRH stock traded down $1.93 on Tuesday, hitting $88.12. The stock had a trading volume of 4,615,562 shares, compared to its average volume of 5,236,303. The stock has a market cap of $60.51 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. The business's 50 day moving average is $79.79 and its two-hundred day moving average is $80.51. CRH plc has a twelve month low of $51.59 and a twelve month high of $90.96.
CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting analysts' consensus estimates of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. As a group, equities analysts predict that CRH plc will post 5.39 earnings per share for the current fiscal year.
CRH Cuts Dividend
The firm also recently declared 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. This represents a yield of 1.7%. The ex-dividend date is Friday, August 23rd. CRH's dividend payout ratio is 29.97%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on CRH shares. Royal Bank of Canada started coverage on shares of CRH in a report on Tuesday, May 14th. They set an "outperform" rating and a $110.00 target price on the stock. DA Davidson upped their target price on shares of CRH from $100.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 9th. StockNews.com cut CRH from a "buy" rating to a "hold" rating in a report on Friday, August 16th. Truist Financial boosted their price target on CRH from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Finally, Stephens started coverage on CRH in a research report on Tuesday, June 18th. They issued an "overweight" rating and a $95.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, CRH presently has an average rating of "Moderate Buy" and an average target price of $95.70.
Check Out Our Latest Report on CRH
CRH Profile
(
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.
Further Reading
Before you consider CRH, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CRH wasn't on the list.
While CRH currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
