Blue Trust Inc. Buys 1,998 Shares of CRH plc (NYSE:CRH)

Blue Trust Inc. raised its stake in CRH plc (NYSE:CRH) by 235.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,846 shares of the construction company’s stock after purchasing an additional 1,998 shares during the quarter. Blue Trust Inc.’s holdings in CRH were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Net Worth Advisory Group bought a new stake in shares of CRH in the 3rd quarter worth approximately $477,000. Stratos Investment Management LLC lifted its position in shares of CRH by 5.0% during the 3rd quarter. Stratos Investment Management LLC now owns 45,913 shares of the construction company’s stock valued at $4,258,000 after buying an additional 2,203 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of CRH by 2.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,875 shares of the construction company’s stock worth $730,000 after acquiring an additional 204 shares during the period. Sax Wealth Advisors LLC increased its holdings in CRH by 135.4% in the 3rd quarter. Sax Wealth Advisors LLC now owns 7,776 shares of the construction company’s stock worth $721,000 after acquiring an additional 4,472 shares during the last quarter. Finally, One Wealth Advisors LLC raised its stake in CRH by 22.3% in the 3rd quarter. One Wealth Advisors LLC now owns 3,413 shares of the construction company’s stock valued at $317,000 after acquiring an additional 623 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

NYSE CRH opened at $91.60 on Friday. CRH plc has a one year low of $51.59 and a one year high of $94.14. The stock has a 50-day moving average of $89.40 and a 200 day moving average of $82.85. The company has a market capitalization of $62.90 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 1.30 and a beta of 1.30.

CRH (NYSE:CRH) last released 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 firm had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. On average, equities analysts predict that CRH plc will post 5.44 earnings per share for the current fiscal year.

CRH Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were given a $0.35 dividend. This represents a yield of 1.7%. The ex-dividend date was Friday, August 23rd. CRH’s payout ratio is 26.46%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CRH shares. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Citigroup reduced 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. 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 lifted their price target on 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 increased their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.