Diversify Advisory Services LLC Sells 5,194 Shares of CRH plc (NYSE:CRH)

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

Several other hedge funds also recently bought and sold shares of CRH. First Financial Corp IN bought a new position in shares of CRH in the first quarter worth about $26,000. Orion Capital Management LLC grew its holdings in CRH by 100.0% during the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. NBC Securities Inc. grew its holdings in CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after buying an additional 173 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of CRH in the fourth quarter worth $37,000. Finally, Richardson Financial Services Inc. bought a new position in shares of CRH during the fourth quarter worth $47,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CRH shares. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. DA Davidson raised their price target on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus reiterated a “hold” rating and set a $82.00 target price (up from $80.00) on shares of CRH in a research report on Monday, April 15th. Truist Financial upped their price target on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday. Finally, Stephens began coverage on shares of CRH in a report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average price target of $95.70.

CRH Price Performance

Shares of CRH traded up $0.83 during mid-day trading on Friday, reaching $82.37. 3,948,524 shares of the company’s stock traded hands, compared to its average volume of 5,365,804. The stock has a market cap of $56.56 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.34 and a beta of 1.30. The stock’s 50-day moving average is $78.12 and its two-hundred day moving average is $79.40. CRH plc has a 12 month low of $51.59 and a 12 month high of $88.00.

CRH (NYSE:CRH) last released its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting analysts’ consensus estimates of $1.85. The business had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. Research analysts predict that CRH plc will post 5.39 earnings per share for the current year.

CRH Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a dividend yield of 1.7%. CRH’s dividend payout ratio is 25.59%.

CRH 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.