Maven Securities LTD Acquires Shares of 3,500 CRH plc (NYSE:CRH)

Maven Securities LTD purchased a new stake in shares of CRH plc (NYSE:CRH) in the second quarter, Holdings Channel reports. The firm purchased 3,500 shares of the construction company’s stock, valued at approximately $262,000.

Several other institutional investors have also added to or reduced their stakes in CRH. Greenhaven Associates Inc. raised its stake in shares of CRH by 0.8% during the second quarter. Greenhaven Associates Inc. now owns 11,120,064 shares of the construction company’s stock valued at $833,782,000 after acquiring an additional 91,267 shares during the last quarter. Bank of New York Mellon Corp raised its position in CRH by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock valued at $646,188,000 after purchasing an additional 431,172 shares during the last quarter. Putnam Investments LLC lifted its holdings in CRH by 3,384.4% in the 4th quarter. Putnam Investments LLC now owns 6,781,697 shares of the construction company’s stock worth $469,022,000 after buying an additional 6,587,066 shares during the period. Lazard Asset Management LLC increased its stake in shares of CRH by 35,497.5% during the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after buying an additional 5,068,682 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of CRH by 36,503.4% during the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after acquiring an additional 4,825,752 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.5 %

CRH stock opened at $89.50 on Thursday. The business has a 50 day moving average of $86.41 and a 200 day moving average of $82.27. The firm has a market cap of $61.46 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. CRH plc has a twelve month low of $51.59 and a twelve month high of $94.14.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. The company had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. On average, research analysts expect that CRH plc will post 5.44 earnings per share for the current fiscal year.

CRH Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a yield of 1.7%. CRH’s dividend payout ratio (DPR) is presently 29.77%.

Analysts Set New Price Targets

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