CVA Family Office LLC Raises Position in CRH plc (NYSE:CRH)

CVA Family Office LLC increased its holdings in CRH plc (NYSE:CRH) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,116 shares of the construction company’s stock after acquiring an additional 128 shares during the quarter. CVA Family Office LLC’s holdings in CRH were worth $567,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CRH. UMB Bank n.a. lifted its holdings 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 worth $28,000 after purchasing an additional 125 shares during the last quarter. First Financial Corp IN acquired a new position in shares of CRH during the 1st quarter valued at $26,000. GHP Investment Advisors Inc. grew its holdings in shares of CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after acquiring an additional 259 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of CRH by 71.5% in the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after acquiring an additional 173 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of CRH in the 2nd quarter worth $43,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRH shares. Truist Financial upped their price objective on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Citigroup dropped their price objective on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Stephens started coverage on CRH in a research note on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price target on the stock. Finally, Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $87.00 to $88.00 in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

CRH Stock Performance

CRH stock traded up $1.20 during trading on Friday, hitting $91.70. The company had a trading volume of 3,447,525 shares, compared to its average volume of 5,022,083. The firm has a 50-day moving average price of $87.48 and a 200-day moving average price of $82.46. CRH plc has a 12 month low of $51.59 and a 12 month high of $94.14.

CRH (NYSE:CRH) last issued 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 business had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. Analysts forecast that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

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

CRH Company 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.