US Bancorp DE lowered its stake in Crh Plc (NYSE:CRH - Free Report) by 21.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 66,878 shares of the construction company's stock after selling 18,070 shares during the period. US Bancorp DE's holdings in CRH were worth $6,139,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Park Place Capital Corp raised its stake in shares of CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. Diversify Advisory Services LLC raised its stake in shares of CRH by 5.0% in the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock valued at $240,000 after purchasing an additional 123 shares in the last quarter. Callan Family Office LLC raised its stake in shares of CRH by 4.4% in the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock valued at $270,000 after purchasing an additional 129 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of CRH by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after purchasing an additional 139 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of CRH by 0.9% in the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
Analyst Upgrades and Downgrades
CRH has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of CRH from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. UBS Group set a $152.00 price objective on shares of CRH in a research note on Wednesday, October 1st. Morgan Stanley set a $134.00 price objective on shares of CRH in a research note on Thursday. Bank of America started coverage on shares of CRH in a research note on Friday, September 26th. They set a "buy" rating and a $128.00 price objective on the stock. Finally, Jefferies Financial Group upgraded shares of CRH to a "strong-buy" rating in a research note on Monday, September 22nd. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $127.21.
Get Our Latest Report on CRH
CRH Price Performance
CRH stock opened at $116.21 on Monday. The firm has a 50 day simple moving average of $112.47 and a 200-day simple moving average of $99.18. The stock has a market capitalization of $78.17 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.64 and a beta of 1.32. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.88.
CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.12). The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The company's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $1.88 earnings per share. On average, analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.
CRH Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were issued a $0.37 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. CRH's dividend payout ratio (DPR) is 23.22%.
CRH Profile
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Free Report)
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.
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