Dupont Capital Management Corp Trims Stake in CRH plc (NYSE:CRH)

Dupont Capital Management Corp lessened its stake in CRH plc (NYSE:CRH) by 16.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,024 shares of the construction company’s stock after selling 23,591 shares during the period. Dupont Capital Management Corp’s holdings in CRH were worth $11,131,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Greenhaven Associates Inc. raised its position in shares of CRH by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock worth $1,034,540,000 after acquiring an additional 35,209 shares during the period. Bank of New York Mellon Corp boosted its position in CRH by 5.3% during 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. Lazard Asset Management LLC grew its holdings in 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 purchasing an additional 5,068,682 shares during the period. Legal & General Group Plc increased its position in shares of CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after buying an additional 4,825,752 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of CRH by 103.9% during the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after buying an additional 2,365,589 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Down 0.4 %

Shares of CRH opened at $91.83 on Wednesday. The stock has a fifty day simple moving average of $89.25 and a two-hundred day simple moving average of $82.79. The company has a market capitalization of $63.06 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.30 and a beta of 1.30. CRH plc has a 52-week low of $51.59 and a 52-week high of $94.14.

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

CRH Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRH. DA Davidson boosted their price target on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Citigroup lowered their price objective on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Truist Financial increased their target price on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. 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 stock presently 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.