Lake Street Advisors Group LLC Has $740,000 Stake in CRH plc (NYSE:CRH)

Lake Street Advisors Group LLC lifted its position in shares of CRH plc (NYSE:CRH) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,545 shares of the construction company’s stock after acquiring an additional 459 shares during the quarter. Lake Street Advisors Group LLC’s holdings in CRH were worth $740,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. First Financial Corp IN acquired a new position in CRH during the 1st quarter worth about $26,000. Orion Capital Management LLC lifted its holdings in CRH by 100.0% during the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock worth $28,000 after buying an additional 200 shares during the period. Pinnacle Bancorp Inc. acquired a new position in CRH during the 4th quarter worth about $30,000. UMB Bank n.a. acquired a new position in CRH during the 4th quarter worth about $33,000. Finally, WASHINGTON TRUST Co acquired a new position in CRH during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRH. Stifel Nicolaus reissued a “hold” rating and issued a $82.00 price objective (up from $80.00) on shares of CRH in a research note on Monday, April 15th. Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $87.00 to $88.00 in a research report on Tuesday, July 9th. Stephens started coverage on CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price for the company. Citigroup decreased their target price on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, Truist Financial boosted their target price on CRH from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus target price of $91.90.

CRH Trading Down 0.3 %

Shares of NYSE:CRH traded down $0.21 during trading on Thursday, hitting $79.46. 2,032,171 shares of the company were exchanged, compared to its average volume of 5,379,804. The stock has a 50 day moving average of $78.15 and a 200 day moving average of $78.40. CRH plc has a 52-week low of $51.59 and a 52-week high of $88.00.

CRH (NYSE:CRH) last issued its quarterly earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion. As a group, analysts expect that CRH plc will post 5.39 EPS for the current year.

CRH Increases Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, May 24th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a dividend yield of 1.7%. This is an increase from CRH’s previous Variable dividend of $0.23.

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.