Moody Lynn & Lieberson LLC Buys Shares of 29,483 CRH plc (NYSE:CRH)

Moody Lynn & Lieberson LLC bought a new stake in CRH plc (NYSE:CRH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,483 shares of the construction company’s stock, valued at approximately $2,734,000.

Several other large investors have also recently bought and sold shares of CRH. GHP Investment Advisors Inc. raised its position in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the last quarter. UMB Bank n.a. raised its position in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of CRH during the second quarter worth about $43,000. Quarry LP bought a new position in shares of CRH during the second quarter worth about $49,000. Finally, Blue Trust Inc. raised its position in shares of CRH by 341.7% during the second quarter. Blue Trust Inc. now owns 848 shares of the construction company’s stock worth $64,000 after acquiring an additional 656 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

Shares of CRH stock opened at $91.60 on Friday. CRH plc has a 52 week low of $51.59 and a 52 week high of $94.14. The stock has a 50 day moving average price of $89.40 and a two-hundred day moving average price of $82.85. The stock has a market capitalization of $62.90 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 1.30 and a beta of 1.30.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. Research analysts forecast that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a yield of 1.7%. CRH’s dividend payout ratio (DPR) is presently 26.46%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. 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 report on Tuesday, July 9th. DA Davidson raised 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. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Truist Financial raised 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. Finally, Citigroup decreased their target price on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.