23,846 Shares in CRH plc (NYSE:CRH) Acquired by AGF Management Ltd.

AGF Management Ltd. acquired a new position in CRH plc (NYSE:CRH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,846 shares of the construction company’s stock, valued at approximately $1,788,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Financial Corp IN acquired a new position in shares of CRH in the first quarter worth approximately $26,000. NBC Securities Inc. lifted its stake 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 bought a new stake in CRH in the second quarter worth approximately $43,000. Richardson Financial Services Inc. bought a new stake in CRH in the fourth quarter worth approximately $47,000. Finally, EverSource Wealth Advisors LLC increased its holdings in CRH by 30.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock worth $54,000 after purchasing an additional 183 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CRH shares. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. DA Davidson upped their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Truist Financial boosted 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. Stephens started coverage on CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price objective on the stock. Finally, Citigroup cut 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.70.

CRH Price Performance

Shares of CRH opened at $87.49 on Friday. The stock’s 50-day simple moving average is $83.30 and its 200 day simple moving average is $81.50. CRH plc has a 52-week low of $51.59 and a 52-week high of $91.02.

CRH (NYSE:CRH) last issued 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 company had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. Sell-side analysts anticipate that CRH plc will post 5.45 earnings per share for the current year.

CRH Cuts Dividend

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

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.