Amalgamated Bank Invests $2.82 Million in CRH plc (NYSE:CRH)

Amalgamated Bank acquired a new stake in CRH plc (NYSE:CRH) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,651 shares of the construction company’s stock, valued at approximately $2,823,000.

Other hedge funds have also added to or reduced their stakes in the company. First Financial Corp IN bought a new position in shares of CRH during the first quarter valued at $26,000. GHP Investment Advisors Inc. lifted its holdings in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares during the period. NBC Securities Inc. grew its position 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 buying an additional 173 shares during the last quarter. Rothschild Investment LLC acquired a new stake 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 worth about $47,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRH has been the topic of several analyst reports. Citigroup reduced their target price on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. DA Davidson upped their price target on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Truist Financial lifted their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Stock Performance

CRH stock opened at $91.97 on Tuesday. The stock’s 50 day simple moving average is $84.90 and its 200 day simple moving average is $81.85. The company has a market cap of $63.15 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30. CRH plc has a fifty-two week low of $51.59 and a fifty-two week high of $93.07.

CRH (NYSE:CRH) last issued its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. Equities analysts predict that CRH plc will post 5.45 earnings per share for the current year.

CRH Cuts Dividend

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

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.