CRH plc (NYSE:CRH) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 22.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,307 shares of the construction company's stock after selling 15,079 shares during the period. Quantbot Technologies LP's holdings in CRH were worth $3,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Putnam Investments LLC increased its holdings in shares of CRH by 3,384.4% during the 4th quarter. Putnam Investments LLC now owns 6,781,697 shares of the construction company's stock valued at $469,022,000 after purchasing an additional 6,587,066 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of CRH by 35,497.5% in the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company's stock worth $438,455,000 after acquiring an additional 5,068,682 shares during the period. TD Asset Management Inc boosted its stake in shares of CRH by 2,199.7% during the 1st quarter. TD Asset Management Inc now owns 3,342,432 shares of the construction company's stock worth $288,383,000 after acquiring an additional 3,197,092 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of CRH by 1,095.0% during the 1st quarter. Acadian Asset Management LLC now owns 3,275,591 shares of the construction company's stock valued at $282,512,000 after acquiring an additional 3,001,488 shares during the period. Finally, Artisan Partners Limited Partnership grew its position in shares of CRH by 2,426.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,826,501 shares of the construction company's stock valued at $195,481,000 after acquiring an additional 2,714,634 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent analyst reports. Morgan Stanley upgraded CRH from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Stephens started coverage on shares of CRH in a research note on Tuesday, June 18th. They issued an "overweight" rating and a $95.00 price target on the stock. StockNews.com lowered shares of CRH from a "buy" rating to a "hold" rating in a report on Friday, August 16th. Truist Financial increased their price objective on shares of CRH from $100.00 to $110.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, DA Davidson lifted their target price on shares of CRH from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, CRH currently has an average rating of "Moderate Buy" and a consensus target price of $95.70.

CRH Price Performance

Shares of NYSE CRH traded up $0.11 during mid-day trading on Tuesday, reaching $89.28. The company's stock had a trading volume of 2,729,337 shares, compared to its average volume of 5,163,408. The stock has a 50-day moving average of $83.87 and a two-hundred day moving average of $81.59. 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 announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. The business had revenue of $9.65 billion for the quarter, compared to analysts' expectations of $10.16 billion. On average, equities analysts predict that CRH plc will post 5.45 earnings per share for the current fiscal year.

CRH Cuts Dividend

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

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.