Csenge Advisory Group Has $359,000 Stock Holdings in CRH plc (NYSE:CRH)

Csenge Advisory Group boosted its stake in shares of CRH plc (NYSE:CRH) by 5.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,790 shares of the construction company’s stock after buying an additional 262 shares during the quarter. Csenge Advisory Group’s holdings in CRH were worth $359,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. First Financial Corp IN acquired a new stake in shares of CRH in the first quarter valued at approximately $26,000. Orion Capital Management LLC lifted its position in shares of CRH by 100.0% in the fourth 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. NBC Securities Inc. lifted its position in shares of CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after buying an additional 173 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of CRH in the fourth quarter valued at approximately $37,000. Finally, Richardson Financial Services Inc. acquired a new stake in CRH during the 4th quarter worth approximately $47,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CRH shares. Royal Bank of Canada started coverage on CRH in a report on Tuesday, May 14th. They set an “outperform” rating and a $110.00 price target for the company. Truist Financial lifted their price target on CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Citigroup dropped their price target on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $87.00 to $88.00 in a research note on Tuesday, July 9th. Finally, Stifel Nicolaus restated a “hold” rating and set a $82.00 price objective (up previously from $80.00) on shares of CRH in a research note on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

CRH Trading Up 7.2 %

Shares of CRH traded up $5.45 during midday trading on Thursday, hitting $81.54. The company’s stock had a trading volume of 6,609,867 shares, compared to its average volume of 5,375,125. CRH plc has a one year low of $51.59 and a one year high of $88.00. The company’s fifty day simple moving average is $78.11 and its two-hundred day simple moving average is $79.25.

CRH (NYSE:CRH) last issued its quarterly earnings data on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion. Equities analysts anticipate that CRH plc will post 5.39 EPS for the current fiscal year.

CRH Increases Dividend

The company also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, May 24th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a yield of 1.7%. This is a positive change from CRH’s previous Variable dividend of $0.23.

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.