Dorsey & Whitney Trust CO LLC Sells 1,952 Shares of CRH plc (NYSE:CRH)

Dorsey & Whitney Trust CO LLC trimmed its position in CRH plc (NYSE:CRH) by 38.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,096 shares of the construction company’s stock after selling 1,952 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in CRH were worth $232,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Financial Corp IN bought a new stake in CRH in the first quarter valued at approximately $26,000. NBC Securities Inc. increased its holdings in shares of CRH by 71.5% during the 1st 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 last quarter. Rothschild Investment LLC acquired a new stake in CRH during the 2nd quarter valued at $43,000. Richardson Financial Services Inc. acquired a new stake in CRH during the 4th quarter valued at $47,000. Finally, GAMMA Investing LLC boosted its position in CRH by 41.6% during the first quarter. GAMMA Investing LLC now owns 728 shares of the construction company’s stock worth $63,000 after purchasing an additional 214 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

CRH opened at $86.65 on Friday. CRH plc has a 52-week low of $51.59 and a 52-week high of $91.02. The firm has a market cap of $59.50 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30. The business’s fifty day moving average is $83.03 and its 200-day moving average is $81.42.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to analyst estimates 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 disclosed a semi-annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, August 23rd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a yield of 1.7%. CRH’s dividend payout ratio (DPR) is 29.82%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CRH. DA Davidson raised their target price 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. Stephens initiated coverage on CRH in a report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price objective for the company. Truist Financial 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. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Finally, Citigroup lowered their price objective on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.70.

CRH 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.