AE Wealth Management LLC Grows Position in CRH plc (NYSE:CRH)

AE Wealth Management LLC grew its holdings in CRH plc (NYSE:CRH) by 17.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,284 shares of the construction company’s stock after buying an additional 2,115 shares during the period. AE Wealth Management LLC’s holdings in CRH were worth $1,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRH. GHP Investment Advisors Inc. boosted its stake in CRH by 336.4% during the second 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 last quarter. First Financial Corp IN acquired a new position in shares of CRH during the 1st quarter valued at about $26,000. NBC Securities Inc. grew its holdings in shares of CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after purchasing an additional 173 shares during the period. Rothschild Investment LLC acquired a new stake in CRH during the second quarter worth about $43,000. Finally, Richardson Financial Services Inc. purchased a new position in CRH during the fourth quarter worth about $47,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stephens began coverage on shares of CRH in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price target for the company. Truist Financial 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. DA Davidson upped their price target on CRH from $100.00 to $110.00 and gave the company 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 raised their price objective for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Finally, StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.70.

CRH Stock Down 0.5 %

CRH stock opened at $91.49 on Wednesday. CRH plc has a 52-week low of $51.59 and a 52-week high of $93.07. The firm has a market cap of $62.82 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30. The company’s 50 day moving average is $85.08 and its two-hundred day moving average is $81.92.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share (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. On average, equities research 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 given a dividend of $0.35 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 23rd. CRH’s dividend 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.