Dynamic Advisor Solutions LLC Sells 335 Shares of CRH plc (NYSE:CRH)

Dynamic Advisor Solutions LLC reduced its position in CRH plc (NYSE:CRH) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,322 shares of the construction company’s stock after selling 335 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in CRH were worth $1,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRH. Massmutual Trust Co. FSB ADV grew its stake in CRH by 17.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock valued at $79,000 after purchasing an additional 133 shares during the last quarter. Janiczek Wealth Management LLC grew its stake in CRH by 3.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company’s stock valued at $329,000 after purchasing an additional 155 shares during the last quarter. NBC Securities Inc. grew its stake in CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after purchasing an additional 173 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in CRH by 30.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock valued at $54,000 after purchasing an additional 183 shares during the last quarter. Finally, Allworth Financial LP grew its stake in CRH by 25.6% in the fourth quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock valued at $67,000 after purchasing an additional 199 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRH. Royal Bank of Canada began coverage on CRH in a research note on Tuesday, May 14th. They set an “outperform” rating and a $110.00 price target on the stock. Jefferies Financial Group boosted their price target on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Citigroup boosted their price target on CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Vertical Research began coverage on CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 price target on the stock. Finally, Stifel Nicolaus restated a “hold” rating and set a $82.00 price target (up previously from $80.00) on shares of CRH in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.11.

CRH Trading Down 0.5 %

Shares of NYSE CRH opened at $72.73 on Thursday. The business’s 50 day moving average price is $79.20 and its 200 day moving average price is $77.07. CRH plc has a 52 week low of $51.59 and a 52 week high of $88.00.

CRH (NYSE:CRH) last announced its quarterly earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.60 billion. On average, sell-side analysts expect that CRH plc will post 5.36 EPS for the current fiscal year.

CRH Increases Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, May 24th were issued a $0.35 dividend. The ex-dividend date was Thursday, May 23rd. This is an increase from CRH’s previous Variable dividend of $0.23. This represents a yield of 1.7%.

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.