Public Employees Retirement Association of Colorado Makes New $7.18 Million Investment in CRH plc (NYSE:CRH)

Public Employees Retirement Association of Colorado purchased a new stake in CRH plc (NYSE:CRH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 95,781 shares of the construction company’s stock, valued at approximately $7,182,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CRH. GHP Investment Advisors Inc. increased its stake in shares of CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after acquiring an additional 259 shares during the last quarter. First Financial Corp IN bought a new stake in shares of CRH in the 1st quarter valued at about $26,000. NBC Securities Inc. increased its stake in shares of CRH by 71.5% in the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after acquiring an additional 173 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of CRH in the 2nd quarter valued at about $43,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of CRH in the 4th quarter valued at about $47,000. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on CRH shares. Stephens started coverage on CRH in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price target for the company. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $87.00 to $88.00 in a research report on Tuesday, July 9th. Truist Financial boosted 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. DA Davidson boosted 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. Finally, StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. 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.com, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Stock Up 0.2 %

NYSE:CRH opened at $92.89 on Friday. CRH plc has a twelve month low of $51.59 and a twelve month high of $93.07. The business has a 50 day moving average price of $84.66 and a two-hundred day moving average price of $81.79. The company has a market cap of $63.79 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. The company had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. As a group, analysts anticipate that CRH plc will post 5.45 earnings per share for the current fiscal year.

CRH Cuts Dividend

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

About CRH

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.