Pinnacle Bancorp Inc. Sells 138 Shares of CRH plc (NYSE:CRH)

Pinnacle Bancorp Inc. lessened its stake in shares of CRH plc (NYSE:CRH) by 31.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 297 shares of the construction company’s stock after selling 138 shares during the period. Pinnacle Bancorp Inc.’s holdings in CRH were worth $26,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in CRH during the fourth quarter worth about $3,358,000. Artisan Partners Limited Partnership raised its stake in CRH by 2,426.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,826,501 shares of the construction company’s stock valued at $195,481,000 after buying an additional 2,714,634 shares during the period. Vanguard Group Inc. bought a new stake in CRH in the third quarter valued at approximately $1,484,901,000. Asio Capital LLC raised its stake in CRH by 75.3% in the fourth quarter. Asio Capital LLC now owns 54,015 shares of the construction company’s stock valued at $3,736,000 after buying an additional 23,205 shares during the period. Finally, KBC Group NV bought a new stake in CRH in the fourth quarter valued at approximately $63,614,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CRH shares. StockNews.com lowered CRH from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Vertical Research assumed coverage on CRH in a research report on Friday, March 22nd. They issued a “buy” rating and a $105.00 target price on the stock. Stephens assumed coverage on CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $82.00 target price (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. Finally, Truist Financial upped their target price on CRH from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, CRH has an average rating of “Moderate Buy” and an average price target of $93.11.

CRH Price Performance

Shares of NYSE:CRH opened at $75.10 on Friday. CRH plc has a 1 year low of $51.59 and a 1 year high of $88.00. The business’s 50 day simple moving average is $78.99 and its 200 day simple moving average is $77.09.

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

CRH Increases Dividend

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

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.