Atria Wealth Solutions Inc. Sells 3,827 Shares of Crh Plc $CRH

Key Points

• Atria Wealth Solutions Inc. sold 3,827 shares of CRH Plc, reducing its stake by 61.6%, now holding 2,381 shares worth approximately $209,000.
• CRH stock has a consensus buy rating from analysts, with an average price target of $113.18 and recently faced a quarterly earnings miss, reporting $1.94 earnings per share against an expectation of $2.06.
• The company declared a quarterly dividend of $0.37, scheduled for payment on September 24th, representing an annualized yield of 1.3%.

Atria Wealth Solutions Inc. lowered its position in Crh Plc (NYSE:CRH - Free Report) by 61.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,381 shares of the construction company's stock after selling 3,827 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in CRH were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of CRH during the first quarter valued at approximately $744,000. Massachusetts Financial Services Co. MA increased its stake in shares of CRH by 43.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock valued at $906,424,000 after acquiring an additional 3,108,416 shares during the period. GAMMA Investing LLC increased its stake in shares of CRH by 27.4% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock valued at $169,000 after acquiring an additional 413 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in CRH by 211.3% during the first quarter. Jupiter Asset Management Ltd. now owns 1,411,543 shares of the construction company's stock worth $123,601,000 after buying an additional 958,061 shares in the last quarter. Finally, Exane Asset Management boosted its holdings in CRH by 22.2% during the first quarter. Exane Asset Management now owns 226,087 shares of the construction company's stock worth $19,889,000 after buying an additional 41,013 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CRH shares. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Royal Bank Of Canada restated an "outperform" rating and set a $112.00 target price (up from $108.00) on shares of CRH in a report on Friday, August 8th. DA Davidson restated a "neutral" rating and set a $105.00 target price (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Friday, August 8th. Finally, Sanford C. Bernstein started coverage on shares of CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $113.18.

CRH Stock Down 1.7%

Shares of NYSE:CRH traded down $1.9250 during trading on Wednesday, reaching $110.5150. 1,448,172 shares of the company traded hands, compared to its average volume of 5,587,010. The firm has a fifty day simple moving average of $96.89 and a 200 day simple moving average of $95.53. The firm has a market cap of $74.34 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. Crh Plc has a 1-year low of $76.75 and a 1-year high of $113.95.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.88 EPS. As a group, research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. CRH's dividend payout ratio (DPR) is 23.22%.

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.