Xponance Inc. Buys Shares of 57,279 CRH plc (NYSE:CRH)

Xponance Inc. purchased a new position in CRH plc (NYSE:CRH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 57,279 shares of the construction company’s stock, valued at approximately $4,295,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of Montreal Can increased its position in CRH by 173.0% during the 2nd quarter. Bank of Montreal Can now owns 2,128,963 shares of the construction company’s stock valued at $160,183,000 after buying an additional 1,349,023 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of CRH during the second quarter valued at about $2,983,000. EverSource Wealth Advisors LLC raised its position in shares of CRH by 30.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 111,972 shares of the construction company’s stock valued at $8,396,000 after purchasing an additional 25,947 shares during the last quarter. Epoch Investment Partners Inc. grew its position in CRH by 64.6% during the 2nd quarter. Epoch Investment Partners Inc. now owns 231,408 shares of the construction company’s stock worth $17,247,000 after purchasing an additional 90,799 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its position in CRH by 17.6% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 8,675 shares of the construction company’s stock worth $650,000 after purchasing an additional 1,296 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Up 0.4 %

Shares of NYSE CRH opened at $91.90 on Thursday. The firm’s 50 day simple moving average is $85.08 and its 200-day simple moving average is $81.92. CRH plc has a 12 month low of $51.59 and a 12 month high of $93.07.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to analysts’ expectations of $10.16 billion. Equities analysts predict that CRH plc will post 5.44 EPS for the current fiscal year.

CRH Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a yield of 1.7%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CRH shares. Citigroup lowered their price objective on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Truist Financial lifted their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $87.00 to $88.00 in a report on Tuesday, July 9th. DA Davidson lifted their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.70.

CRH 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.