17,354 Shares in CRH plc (NYSE:CRH) Bought by Cox Capital Mgt LLC

Cox Capital Mgt LLC bought a new stake in CRH plc (NYSE:CRH) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,354 shares of the construction company’s stock, valued at approximately $1,609,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRH. GHP Investment Advisors Inc. increased its position in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares in the last quarter. First Financial Corp IN acquired a new stake in shares of CRH in the first quarter worth $26,000. UMB Bank n.a. increased its position in shares of CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. NBC Securities Inc. raised its stake in shares of CRH by 71.5% in the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after acquiring an additional 173 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of CRH during the 2nd quarter valued at $43,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 1.3 %

Shares of CRH stock traded up $1.20 on Friday, hitting $91.70. 3,447,525 shares of the company traded hands, compared to its average volume of 5,022,083. CRH plc has a 12-month low of $51.59 and a 12-month high of $94.14. The company has a 50-day moving average price of $87.48 and a 200 day moving average price of $82.49.

CRH (NYSE:CRH) last issued its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS 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. As a group, sell-side analysts forecast that CRH plc will post 5.44 EPS for the current fiscal year.

CRH Cuts Dividend

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

Wall Street Analyst Weigh In

CRH has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. DA Davidson raised their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Citigroup dropped their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $87.00 to $88.00 in a research report on Tuesday, July 9th. Finally, StockNews.com cut CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average 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.