CRH plc (NYSE:CRH) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC trimmed its position in CRH plc (NYSE:CRH) by 51.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,913 shares of the construction company’s stock after selling 5,194 shares during the period. Diversify Advisory Services LLC’s holdings in CRH were worth $373,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CRH. First Financial Corp IN acquired a new position in CRH in the first quarter worth about $26,000. Orion Capital Management LLC boosted its stake in 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 acquiring an additional 200 shares during the period. NBC Securities Inc. boosted its stake in 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 acquiring an additional 173 shares during the period. GAMMA Investing LLC acquired a new position in CRH in the fourth quarter valued at approximately $37,000. Finally, Richardson Financial Services Inc. acquired a new position in CRH in the fourth quarter valued at approximately $47,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research reports. Stifel Nicolaus restated a “hold” rating and issued a $82.00 target price (up from $80.00) on shares of CRH in a research note on Monday, April 15th. Stephens initiated coverage on CRH in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price for the company. DA Davidson lifted their target price on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada assumed coverage on CRH in a research report on Tuesday, May 14th. They set an “outperform” rating and a $110.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Trading Up 1.0 %

NYSE:CRH traded up $0.83 during midday trading on Friday, hitting $82.37. 3,948,524 shares of the stock were exchanged, compared to its average volume of 5,365,804. CRH plc has a one year low of $51.59 and a one year high of $88.00. The company has a market capitalization of $56.56 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.34 and a beta of 1.30. The business has a 50-day moving average price of $78.12 and a two-hundred day moving average price of $79.40.

CRH (NYSE:CRH) last announced its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. Sell-side analysts forecast that CRH plc will post 5.39 EPS 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. Shareholders of record on Friday, August 23rd will be issued a $0.35 dividend. The ex-dividend date is Friday, August 23rd. This represents a dividend yield of 1.7%. CRH’s dividend payout ratio is currently 25.59%.

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.