CRH plc (NYSE:CRH) Stock Position Increased by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC boosted its holdings in shares of CRH plc (NYSE:CRH) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,482 shares of the construction company’s stock after buying an additional 1,028 shares during the period. Shepherd Financial Partners LLC’s holdings in CRH were worth $3,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CRH. Wealth Enhancement Advisory Services LLC raised its position in CRH by 30.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,651 shares of the construction company’s stock valued at $574,000 after buying an additional 1,558 shares during the period. Norden Group LLC bought a new stake in shares of CRH during the 1st quarter worth about $4,041,000. First Trust Direct Indexing L.P. boosted its stake in shares of CRH by 8.6% during the 1st quarter. First Trust Direct Indexing L.P. now owns 18,793 shares of the construction company’s stock worth $1,621,000 after acquiring an additional 1,496 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of CRH during the 1st quarter worth about $13,492,000. Finally, Private Advisor Group LLC lifted its position in shares of CRH by 8.9% in the 1st quarter. Private Advisor Group LLC now owns 5,662 shares of the construction company’s stock worth $488,000 after acquiring an additional 463 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

Shares of NYSE:CRH traded up $0.59 during midday trading on Friday, reaching $96.02. The company had a trading volume of 838,949 shares, compared to its average volume of 4,882,010. The business’s 50 day moving average price is $90.38 and its 200 day moving average price is $83.28. CRH plc has a 1-year low of $56.39 and a 1-year high of $96.82.

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 analyst estimates 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 declared a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders 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.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of research reports. Citigroup reduced their price objective on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Truist Financial lifted their target price on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Finally, Barclays assumed coverage on CRH in a research note on Tuesday. They issued an “overweight” rating and a $110.00 target price for the company. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus target price of $97.00.

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.