CRH plc (NYSE:CRH) Shares Bought by US Bancorp DE

US Bancorp DE lifted its holdings in CRH plc (NYSE:CRH) by 13.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,636 shares of the construction company’s stock after purchasing an additional 15,769 shares during the period. US Bancorp DE’s holdings in CRH were worth $11,786,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Regency Capital Management Inc. DE grew its stake in shares of CRH by 0.5% in the 1st quarter. Regency Capital Management Inc. DE now owns 113,968 shares of the construction company’s stock worth $9,831,000 after purchasing an additional 540 shares during the last quarter. Sei Investments Co. grew its stake in shares of CRH by 204.7% in the 1st quarter. Sei Investments Co. now owns 962,007 shares of the construction company’s stock worth $82,984,000 after purchasing an additional 646,329 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of CRH by 5.2% in the 1st quarter. Atomi Financial Group Inc. now owns 9,254 shares of the construction company’s stock worth $798,000 after purchasing an additional 455 shares during the last quarter. Anchor Capital Advisors LLC acquired a new position in shares of CRH in the 1st quarter worth approximately $61,256,000. Finally, Susquehanna International Securities Ltd. acquired a new position in shares of CRH in the 1st quarter worth approximately $476,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock traded up $3.04 during trading on Tuesday, hitting $82.62. 4,275,385 shares of the company were exchanged, compared to its average volume of 5,471,518. The business’s 50-day simple moving average is $78.31 and its 200 day simple moving average is $77.82. CRH plc has a twelve month low of $51.59 and a twelve month high of $88.00.

CRH (NYSE:CRH) last posted its earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.60 billion. Research analysts anticipate that CRH plc will post 5.38 earnings per share for the current fiscal year.

CRH Increases Dividend

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

Analyst Upgrades and Downgrades

CRH has been the topic of several recent research reports. StockNews.com cut shares of CRH from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Citigroup decreased their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Truist Financial raised their target price on shares of CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Stephens initiated coverage on shares of CRH in a report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 target price (up from $80.00) on shares of CRH in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.90.

About CRH

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.