Oppenheimer Asset Management Inc. Has $17.44 Million Holdings in CRH plc (NYSE:CRH)

Oppenheimer Asset Management Inc. boosted its stake in CRH plc (NYSE:CRH) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,586 shares of the construction company’s stock after buying an additional 25,677 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CRH were worth $17,439,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CRH. Norges Bank bought a new position in CRH during the 4th quarter valued at about $1,014,454,000. Greenhaven Associates Inc. raised its position in CRH by 0.8% in the 2nd quarter. Greenhaven Associates Inc. now owns 11,120,064 shares of the construction company’s stock valued at $833,782,000 after purchasing an additional 91,267 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in CRH by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock worth $646,188,000 after purchasing an additional 431,172 shares in the last quarter. Putnam Investments LLC grew its holdings in shares of CRH by 3,384.4% during the fourth quarter. Putnam Investments LLC now owns 6,781,697 shares of the construction company’s stock worth $469,022,000 after purchasing an additional 6,587,066 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of CRH by 35,497.5% in the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after buying an additional 5,068,682 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Up 0.9 %

Shares of CRH stock opened at $87.48 on Friday. The company has a 50 day moving average of $83.30 and a 200-day moving average of $81.48. CRH plc has a 1-year low of $51.59 and a 1-year high of $91.02.

CRH (NYSE:CRH) last issued its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. The business had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. As a group, equities analysts forecast that CRH plc will post 5.45 earnings per share for the current year.

CRH Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a yield of 1.7%.

Wall Street Analyst Weigh In

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

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.