SYSTM Wealth Solutions LLC Sells 35,236 Shares of CRH plc (NYSE:CRH)

SYSTM Wealth Solutions LLC reduced its stake in CRH plc (NYSE:CRH) by 94.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,015 shares of the construction company’s stock after selling 35,236 shares during the period. SYSTM Wealth Solutions LLC’s holdings in CRH were worth $151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. lifted its position in shares of CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares in the last quarter. First Financial Corp IN purchased a new stake in shares of CRH during the 1st quarter worth approximately $26,000. NBC Securities Inc. boosted its position in shares of CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after acquiring an additional 173 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of CRH in the second quarter valued at $43,000. Finally, Richardson Financial Services Inc. bought a new stake in CRH in the fourth quarter worth $47,000. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CRH. Truist Financial lifted their price objective 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. 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. Stephens started coverage on CRH in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price objective for the company. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Citigroup lowered their price target on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

CRH Price Performance

Shares of NYSE:CRH opened at $90.02 on Thursday. The business’s 50 day moving average is $84.13 and its 200 day moving average is $81.65. CRH plc has a 52-week low of $51.59 and a 52-week high of $91.84.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. On average, sell-side analysts forecast that CRH plc will post 5.45 EPS for the current fiscal year.

CRH Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a dividend 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.