Barrow Hanley Mewhinney & Strauss LLC Decreases Stock Position in CRH plc (NYSE:CRH)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in shares of CRH plc (NYSE:CRH) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,489,484 shares of the construction company’s stock after selling 9,723 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in CRH were worth $411,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. First Financial Corp IN purchased a new stake in shares of CRH during the first quarter valued at approximately $26,000. GHP Investment Advisors Inc. boosted its position in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after buying an additional 259 shares during the period. NBC Securities Inc. boosted its position in CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after buying an additional 173 shares during the period. Rothschild Investment LLC purchased a new position in shares of CRH in the second quarter valued at about $43,000. Finally, Richardson Financial Services Inc. bought a new position in shares of CRH during the fourth quarter valued at about $47,000. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

Shares of CRH stock opened at $92.89 on Friday. CRH plc has a 1 year low of $51.59 and a 1 year high of $93.07. The firm has a market cap of $63.79 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.38 and a beta of 1.30. The company has a 50-day moving average of $84.66 and a 200 day moving average of $81.79.

CRH (NYSE:CRH) last announced its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. The business had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. On average, equities analysts anticipate that CRH plc will post 5.45 EPS for the current year.

CRH Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.35 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 23rd. CRH’s payout ratio is 29.72%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CRH shares. DA Davidson raised their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Truist Financial raised their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Citigroup reduced their price objective on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, StockNews.com cut shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.