NorthCrest Asset Manangement LLC Sells 580 Shares of CRH plc (NYSE:CRH)

NorthCrest Asset Manangement LLC lessened its position in CRH plc (NYSE:CRH) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 191,113 shares of the construction company’s stock after selling 580 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in CRH were worth $17,724,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB purchased a new position in shares of CRH in the 1st quarter worth about $71,172,000. Janney Montgomery Scott LLC raised its holdings in CRH by 211.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company’s stock worth $3,337,000 after acquiring an additional 26,276 shares during the last quarter. Norden Group LLC bought a new position in CRH in the 1st quarter valued at approximately $4,041,000. Cetera Advisors LLC purchased a new stake in CRH during the 1st quarter valued at $1,277,000. Finally, SG Americas Securities LLC increased its holdings in shares of CRH by 510.9% in the 1st quarter. SG Americas Securities LLC now owns 22,751 shares of the construction company’s stock worth $1,963,000 after purchasing an additional 19,027 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Up 0.9 %

Shares of NYSE CRH traded up $0.79 during trading hours on Friday, hitting $92.39. 2,076,458 shares of the company traded hands, compared to its average volume of 4,912,479. The stock has a market capitalization of $63.44 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.30 and a beta of 1.30. The company’s 50 day moving average price is $89.52 and its 200 day moving average price is $82.91. CRH plc has a 12 month low of $51.59 and a 12 month high of $94.14.

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

CRH Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

CRH Company 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.