Crh Plc $CRH Stock Position Decreased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC cut its stake in shares of Crh Plc (NYSE:CRH) by 33.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,920 shares of the construction company’s stock after selling 4,039 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in CRH were worth $727,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRH. Vanguard Group Inc. grew its holdings in shares of CRH by 62.8% during the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after buying an additional 24,591,538 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of CRH by 43.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after buying an additional 3,108,416 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CRH by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 8,830,489 shares of the construction company’s stock valued at $776,818,000 after buying an additional 221,038 shares in the last quarter. Boston Partners grew its holdings in shares of CRH by 5.9% during the first quarter. Boston Partners now owns 8,822,801 shares of the construction company’s stock valued at $775,349,000 after buying an additional 493,796 shares in the last quarter. Finally, Amundi raised its holdings in shares of CRH by 11.8% during the first quarter. Amundi now owns 7,979,264 shares of the construction company’s stock worth $689,009,000 after acquiring an additional 843,806 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CRH has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a report on Wednesday, October 8th. Truist Financial increased their price objective on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada increased their price objective on CRH from $112.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Morgan Stanley set a $134.00 price objective on CRH in a report on Thursday, October 9th. Finally, Barclays increased their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $127.71.

CRH Price Performance

NYSE CRH opened at $118.26 on Wednesday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.88. The stock’s 50-day moving average is $114.40 and its two-hundred day moving average is $100.60. The firm has a market cap of $79.55 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the business earned $1.88 earnings per share. CRH’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 22nd. CRH’s dividend payout ratio (DPR) is currently 23.22%.

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.