AGF Management Ltd. Takes $1.79 Million Position in CRH plc (NYSE:CRH)

AGF Management Ltd. acquired a new position in CRH plc (NYSE:CRH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,846 shares of the construction company's stock, valued at approximately $1,788,000.

Other institutional investors also recently modified their holdings of the company. First Financial Corp IN acquired a new stake in CRH during the 1st quarter valued at approximately $26,000. NBC Securities Inc. increased its position in shares of CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company's stock worth $35,000 after buying an additional 173 shares during the period. Rothschild Investment LLC bought a new position in CRH during the second quarter worth $43,000. Richardson Financial Services Inc. acquired a new position in CRH in the fourth quarter valued at $47,000. Finally, EverSource Wealth Advisors LLC boosted its position in CRH by 30.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company's stock valued at $54,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRH. StockNews.com downgraded CRH from a "buy" rating to a "hold" rating in a report on Friday, August 16th. Citigroup cut their price target on CRH from $109.00 to $99.00 and set a "buy" rating on the stock in a report on Thursday, July 11th. DA Davidson boosted their price objective on CRH from $100.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 9th. Stephens initiated coverage on shares of CRH in a research note on Tuesday, June 18th. They set an "overweight" rating and a $95.00 price target for the company. Finally, Morgan Stanley upgraded shares of CRH from an "equal weight" rating to an "overweight" rating and upped their price objective 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 issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $95.70.

CRH Trading Up 1.0 %

NYSE:CRH traded up $0.83 on Friday, hitting $87.49. The stock had a trading volume of 3,235,387 shares, compared to its average volume of 5,188,839. The firm's fifty day simple moving average is $83.30 and its two-hundred day simple moving average is $81.51. CRH plc has a 1 year low of $51.59 and a 1 year high of $91.02.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. The company had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. On average, equities analysts expect that CRH plc will post 5.45 earnings per share for the current fiscal year.

CRH Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, August 23rd will be issued a dividend of $0.35 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 23rd.

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.