CRH plc (NYSE:CRH) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC reduced its position in shares of CRH plc (NYSE:CRH) by 14.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,802 shares of the construction company’s stock after selling 2,380 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in CRH were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Mediolanum International Funds Ltd raised its holdings in shares of CRH by 11.4% during the third quarter. Mediolanum International Funds Ltd now owns 447,891 shares of the construction company’s stock worth $41,364,000 after purchasing an additional 45,664 shares during the period. Canal Capital Management LLC grew its position in shares of CRH by 13.0% during the 3rd quarter. Canal Capital Management LLC now owns 63,290 shares of the construction company’s stock valued at $5,870,000 after buying an additional 7,295 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in CRH during the third quarter worth about $2,734,000. Mount Yale Investment Advisors LLC lifted its holdings in CRH by 3.8% in the third quarter. Mount Yale Investment Advisors LLC now owns 9,001 shares of the construction company’s stock worth $835,000 after acquiring an additional 326 shares during the last quarter. Finally, Tectonic Advisors LLC boosted its stake in CRH by 14.0% in the third quarter. Tectonic Advisors LLC now owns 89,852 shares of the construction company’s stock valued at $8,333,000 after acquiring an additional 11,009 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRH. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Truist Financial increased their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Citigroup reduced their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Morgan Stanley raised shares of CRH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $87.00 to $88.00 in a report on Tuesday, July 9th. Finally, DA Davidson boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Trading Up 0.9 %

Shares of NYSE:CRH opened at $92.39 on Friday. CRH plc has a twelve month low of $51.59 and a twelve month high of $94.14. The firm has a market cap of $63.44 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.30 and a beta of 1.30. The company has a 50 day moving average of $89.52 and a 200-day moving average of $82.91.

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

CRH Cuts Dividend

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

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.