CRH plc (NYSE:CRH) Holdings Trimmed by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lessened its holdings in CRH plc (NYSE:CRH) by 25.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,847 shares of the construction company’s stock after selling 19,557 shares during the period. Coronation Fund Managers Ltd.’s holdings in CRH were worth $4,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CRH. GHP Investment Advisors Inc. boosted its position in shares of CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares during the period. First Financial Corp IN acquired a new stake in shares of CRH in the first quarter worth $26,000. NBC Securities Inc. boosted its position in shares of CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after buying an additional 173 shares during the period. Rothschild Investment LLC acquired a new stake in shares of CRH in the second quarter worth $43,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of CRH in the fourth quarter worth $47,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $90.85 on Wednesday. The business’s 50-day simple moving average is $86.22 and its 200-day simple moving average is $82.22. The firm has a market capitalization of $62.38 billion, a PE ratio of 15.19, a PEG ratio of 1.33 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 posted its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting analysts’ consensus estimates of $1.85. The business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. Research analysts forecast that CRH plc will post 5.44 earnings per share for the current year.

CRH Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd were paid a $0.35 dividend. The ex-dividend date was Friday, August 23rd. This represents a dividend yield of 1.7%. CRH’s payout ratio is presently 29.77%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research reports. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Truist Financial lifted 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. Stephens initiated coverage on CRH in a research report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price objective for the company. Citigroup reduced their price objective on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and an average price target of $95.70.

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.