9,873 Shares in CRH plc (NYSE:CRH) Bought by Applied Capital LLC FL

Applied Capital LLC FL acquired a new stake in CRH plc (NYSE:CRH) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,873 shares of the construction company’s stock, valued at approximately $916,000.

Other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust grew its holdings in shares of CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after buying an additional 123 shares during the last quarter. UMB Bank n.a. grew its stake in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after purchasing an additional 128 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of CRH by 17.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock worth $79,000 after purchasing an additional 133 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its holdings in shares of CRH by 3.4% during the first quarter. Janiczek Wealth Management LLC now owns 4,908 shares of the construction company’s stock worth $423,000 after purchasing an additional 160 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

NYSE:CRH opened at $93.00 on Wednesday. CRH plc has a 12 month low of $51.59 and a 12 month high of $94.14. The business’s 50-day moving average is $88.08 and its two-hundred day moving average is $82.52.

CRH (NYSE:CRH) last announced its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. As a group, equities research analysts predict that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $87.00 to $88.00 in a research note on Tuesday, July 9th. Citigroup reduced their price objective on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Truist Financial increased their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Finally, DA Davidson increased their price objective on CRH from $100.00 to $110.00 and gave the stock 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, CRH currently has an average rating of “Moderate Buy” and a consensus target price of $95.70.

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.