Greenwood Capital Associates LLC Decreases Holdings in CRH plc (NYSE:CRH)

Greenwood Capital Associates LLC lowered its stake in CRH plc (NYSE:CRH) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,788 shares of the construction company’s stock after selling 412 shares during the period. CRH makes up approximately 1.2% of Greenwood Capital Associates LLC’s investment portfolio, making the stock its 17th biggest position. Greenwood Capital Associates LLC’s holdings in CRH were worth $9,533,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. increased its position in shares of CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the last quarter. UMB Bank n.a. raised its stake 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 valued at $28,000 after acquiring an additional 125 shares during the period. Rothschild Investment LLC bought a new stake in shares of CRH in the 2nd quarter worth about $43,000. Quarry LP purchased a new position in shares of CRH during the 2nd quarter worth about $49,000. Finally, Blue Trust Inc. grew its holdings in CRH by 341.7% during the 2nd quarter. Blue Trust Inc. now owns 848 shares of the construction company’s stock valued at $64,000 after purchasing an additional 656 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Performance

NYSE:CRH opened at $94.45 on Tuesday. The firm has a 50-day simple moving average of $90.58 and a 200-day simple moving average of $83.58. CRH plc has a one year low of $56.88 and a one year high of $96.82.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting analysts’ consensus estimates of $1.85. The business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. On average, research analysts forecast that CRH plc will post 5.44 earnings per share for the current year.

CRH Cuts Dividend

The business 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 Analysts Forecast Growth

CRH has been the subject of several recent analyst reports. Morgan Stanley upgraded 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. Truist Financial boosted their price objective on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. DA Davidson increased their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Citigroup cut their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Finally, Barclays assumed coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.