Crh Plc $CRH Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. reduced its position in Crh Plc (NYSE:CRH) by 70.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,100 shares of the construction company’s stock after selling 9,617 shares during the period. New England Research & Management Inc.’s holdings in CRH were worth $339,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Amundi increased its stake in shares of CRH by 74.7% in the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after purchasing an additional 2,550,178 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of CRH by 3.8% during the 1st quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock valued at $623,203,000 after buying an additional 216,822 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of CRH by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock valued at $507,784,000 after buying an additional 297,309 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in CRH by 4.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock worth $245,460,000 after buying an additional 93,106 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in CRH by 27.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock worth $228,994,000 after buying an additional 477,242 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CRH. DA Davidson started coverage on shares of CRH in a research note on Monday, August 24th. They issued a “buy” rating and a $137.00 price objective for the company. Weiss Ratings downgraded CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 16th. Royal Bank Of Canada cut their price target on CRH from $165.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, October 9th. Truist Financial reduced their price target on CRH from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Finally, Citigroup reduced their price target on CRH from $122.00 to $106.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $127.61.

CRH Stock Performance

CRH stock traded up $1.20 during midday trading on Friday, reaching $83.52. 7,700,050 shares of the stock were exchanged, compared to its average volume of 5,782,471. Crh Plc has a 52 week low of $78.62 and a 52 week high of $131.55. The firm has a market cap of $55.56 billion, a PE ratio of 14.73, a PEG ratio of 1.49 and a beta of 1.31. The company’s fifty day moving average is $89.22 and its 200-day moving average is $100.96.

CRH (NYSE:CRH) last released its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. The firm had revenue of $10.78 billion during the quarter, compared to analyst estimates of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 EPS. On average, sell-side analysts anticipate that Crh Plc will post 5.83 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Friday, August 14th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.56 annualized dividend and a yield of 1.9%. CRH’s dividend payout ratio (DPR) is currently 27.51%.

About CRH

CRH plc is a global building materials company headquartered in Ireland. Formerly known as Cement Roadstone Holdings, the company was formed in 1970 through the merger of Cement Limited and Roadstone Limited. CRH provides materials, products and services used in residential, commercial and infrastructure construction.

Its portfolio includes aggregates, asphalt, ready-mixed concrete, cement, architectural products, precast concrete, paving and construction accessories. The company serves customers across the construction value chain, including contractors, distributors, homebuilders and infrastructure developers.

CRH operates primarily in North America and Europe, with businesses spanning the United States, Canada and multiple European markets.