Federated Hermes Inc. Sells 177,825 Shares of Crh Plc (NYSE:CRH)

Key Points

• Federated Hermes Inc. reduced its stake in CRH Plc by 14.9%, now owning about 0.15% of the company worth approximately $89.7 million.
• Several large investors increased their positions in CRH, with Headlands Technologies growing its stake by an astronomical 142,350.0% in the last quarter.
• Analysts rated CRH with a consensus of "Moderate Buy" and a target price of $112.82, despite the stock experiencing a 1.2% decline recently.

Federated Hermes Inc. cut its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 14.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,019,578 shares of the construction company's stock after selling 177,825 shares during the quarter. Federated Hermes Inc. owned 0.15% of CRH worth $89,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CRH. Orion Capital Management LLC acquired a new stake in CRH during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of CRH in the 4th quarter worth approximately $32,000. Park Square Financial Group LLC acquired a new position in shares of CRH in the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. lifted its position in shares of CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after purchasing an additional 240 shares during the period. Finally, Colonial Trust Co SC acquired a new position in shares of CRH in the 4th quarter worth approximately $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price on the stock. Morgan Stanley reiterated an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. Loop Capital started coverage on shares of CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 target price on the stock. Royal Bank Of Canada lowered their price objective on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, DA Davidson reiterated a "neutral" rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $112.82.

CRH Trading Down 0.1%

Shares of CRH stock traded down $0.14 on Friday, reaching $95.31. The stock had a trading volume of 2,876,251 shares, compared to its average volume of 5,639,638. Crh Plc has a 1 year low of $74.03 and a 1 year high of $110.97. The company has a market cap of $64.40 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26. The business's 50 day moving average is $93.21 and its two-hundred day moving average is $94.80.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The firm had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. On average, equities analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.6%. CRH's dividend payout ratio (DPR) is 23.52%.

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.