27,716 Shares in CRH plc (NYSE:CRH) Acquired by Diversified Trust Co

Diversified Trust Co acquired a new stake in CRH plc (NYSE:CRH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,716 shares of the construction company’s stock, valued at approximately $2,391,000.

A number of other institutional investors have also recently bought and sold shares of CRH. First Financial Corp IN bought a new position in shares of CRH in the 1st quarter worth $26,000. Orion Capital Management LLC boosted its holdings in CRH by 100.0% during the fourth quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new position in shares of CRH during the 4th quarter worth about $30,000. UMB Bank n.a. bought a new stake in shares of CRH in the 4th quarter valued at about $33,000. Finally, WASHINGTON TRUST Co acquired a new stake in shares of CRH in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

NYSE CRH opened at $72.98 on Tuesday. The stock’s 50 day moving average price is $78.99 and its two-hundred day moving average price is $77.24. CRH plc has a 52 week low of $51.59 and a 52 week high of $88.00.

CRH (NYSE:CRH) last released its earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion. Analysts anticipate that CRH plc will post 5.35 earnings per share for the current year.

CRH Increases Dividend

The firm also recently declared a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, May 24th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, May 23rd. This represents a yield of 1.7%. This is a boost from CRH’s previous Variable dividend of $0.23.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRH. Stephens assumed coverage on shares of CRH in a report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price objective for the company. Vertical Research initiated coverage on shares of CRH in a report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price target for the company. Truist Financial raised their price objective on CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Citigroup boosted their target price on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, StockNews.com cut CRH from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.11.

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.