Barrow Hanley Mewhinney & Strauss LLC Sells 9,723 Shares of CRH plc (NYSE:CRH)

Barrow Hanley Mewhinney & Strauss LLC decreased its holdings in CRH plc (NYSE:CRH) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,489,484 shares of the construction company’s stock after selling 9,723 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.80% of CRH worth $411,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CRH. GHP Investment Advisors Inc. grew its stake in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after buying an additional 259 shares in the last quarter. First Financial Corp IN purchased a new position in shares of CRH in the first quarter valued at $26,000. NBC Securities Inc. raised its stake 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 purchasing an additional 173 shares during the period. Rothschild Investment LLC purchased a new stake in CRH during the 2nd quarter worth about $43,000. Finally, Richardson Financial Services Inc. bought a new position in CRH in the 4th quarter worth about $47,000. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CRH shares. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $87.00 to $88.00 in a research report on Tuesday, July 9th. Stephens assumed coverage on shares of CRH in a report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 target price on the stock. DA Davidson raised their price target on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, Truist Financial lifted their price objective on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

CRH Stock Performance

Shares of NYSE:CRH opened at $92.89 on Friday. The firm has a fifty day moving average of $84.66 and a 200 day moving average of $81.79. CRH plc has a 52-week low of $51.59 and a 52-week high of $93.07. The firm has a market capitalization of $63.79 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30.

CRH (NYSE:CRH) last posted 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 firm had revenue of $9.65 billion during 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. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.35 per share. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, August 23rd. CRH’s dividend payout ratio (DPR) is presently 29.72%.

About CRH

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.