Teachers Retirement System of The State of Kentucky Sells 41,000 Shares of CRH plc (NYSE:CRH)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of CRH plc (NYSE:CRH) by 10.3% during the second quarter, Holdings Channel.com reports. The firm owned 355,410 shares of the construction company’s stock after selling 41,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CRH were worth $26,649,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its holdings 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 worth $25,000 after buying an additional 259 shares in the last quarter. First Financial Corp IN bought a new position in shares of CRH during the 1st quarter worth $26,000. NBC Securities Inc. boosted its holdings in shares of CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after acquiring an additional 173 shares during the period. Rothschild Investment LLC purchased a new position in CRH during the 2nd quarter valued at about $43,000. Finally, Richardson Financial Services Inc. bought a new position in shares of CRH in the fourth quarter worth $47,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 0.2 %

NYSE:CRH opened at $92.72 on Tuesday. The stock has a market capitalization of $63.67 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The stock’s fifty day moving average is $86.04 and its two-hundred day moving average is $82.17. CRH plc has a 52 week low of $51.59 and a 52 week high of $94.14.

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

CRH Cuts Dividend

The firm also recently announced 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. CRH’s payout ratio is 29.77%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Truist Financial increased their price target on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 9th. DA Davidson increased their price target on shares of CRH from $100.00 to $110.00 and gave the stock 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 boosted their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Stephens started coverage on shares of CRH in a report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price objective for the company. Finally, StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.70.

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.