Sequoia Financial Advisors LLC Acquires 2,010 Shares of CRH plc (NYSE:CRH)

Sequoia Financial Advisors LLC increased its holdings in shares of CRH plc (NYSE:CRH) by 26.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,645 shares of the construction company’s stock after purchasing an additional 2,010 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in CRH were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRH. Greenhaven Associates Inc. increased its position in CRH by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock valued at $1,034,540,000 after acquiring an additional 35,209 shares during the last quarter. Bank of New York Mellon Corp increased its position in CRH by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock valued at $646,188,000 after acquiring an additional 431,172 shares during the last quarter. Lazard Asset Management LLC increased its position in CRH by 35,497.5% during the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after acquiring an additional 5,068,682 shares during the last quarter. Legal & General Group Plc increased its position in CRH by 36,503.4% during the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after acquiring an additional 4,825,752 shares during the last quarter. Finally, American Century Companies Inc. increased its position in CRH by 103.9% during the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after acquiring an additional 2,365,589 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRH. 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 upped their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. DA Davidson upped their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

CRH Trading Up 0.9 %

NYSE:CRH opened at $92.39 on Friday. CRH plc has a 12-month low of $51.59 and a 12-month high of $94.14. The stock has a 50-day moving average price of $89.52 and a 200 day moving average price of $82.91. The stock has a market capitalization of $63.44 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.30 and a beta of 1.30.

CRH (NYSE:CRH) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $10.16 billion. On average, research analysts predict that CRH plc will post 5.44 earnings per share for the current fiscal year.

CRH Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, August 23rd were paid a dividend of $0.35 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 23rd. CRH’s payout ratio is presently 26.46%.

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.