CRH plc (NYSE:CRH) Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC lessened its stake in shares of CRH plc (NYSE:CRH) by 18.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,681 shares of the construction company’s stock after selling 2,487 shares during the quarter. Kathmere Capital Management LLC’s holdings in CRH were worth $801,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms have commented on CRH. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Stephens started coverage on CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price objective for the company. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. DA Davidson raised their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Citigroup dropped 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Stock Down 0.8 %

Shares of CRH stock opened at $92.53 on Friday. CRH plc has a fifty-two week low of $51.59 and a fifty-two week high of $94.14. The firm’s 50 day moving average price is $85.58 and its two-hundred day moving average price is $82.07.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.85. The business had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. Analysts expect that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

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

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.