Choreo LLC Purchases New Shares in CRH plc (NYSE:CRH)

Choreo LLC bought a new position in CRH plc (NYSE:CRH) during the second quarter, HoldingsChannel.com reports. The fund bought 8,702 shares of the construction company’s stock, valued at approximately $644,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Financial Corp IN bought a new stake in CRH during the first quarter valued at about $26,000. NBC Securities Inc. raised its position in CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after acquiring an additional 173 shares in the last quarter. Rothschild Investment LLC purchased a new position in CRH during the second quarter valued at approximately $43,000. Richardson Financial Services Inc. acquired a new stake in CRH in the fourth quarter valued at approximately $47,000. Finally, GAMMA Investing LLC grew its holdings in CRH by 41.6% in the first quarter. GAMMA Investing LLC now owns 728 shares of the construction company’s stock valued at $63,000 after purchasing an additional 214 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $87.49 on Friday. CRH plc has a 12 month low of $51.59 and a 12 month high of $91.02. The company’s fifty day simple moving average is $83.30 and its 200-day simple moving average is $81.50.

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, 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, analysts forecast that CRH plc will post 5.45 EPS for the current year.

CRH Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.35 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 23rd.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent research reports. DA Davidson boosted their price objective 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 upped their price target for the stock from $87.00 to $88.00 in a report on Tuesday, July 9th. Truist Financial upped their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Citigroup decreased their target price on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, StockNews.com cut CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.