EverSource Wealth Advisors LLC Boosts Holdings in CRH plc (NYSE:CRH)

EverSource Wealth Advisors LLC increased its holdings in shares of CRH plc (NYSE:CRH) by 30.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,972 shares of the construction company’s stock after buying an additional 25,947 shares during the period. EverSource Wealth Advisors LLC’s holdings in CRH were worth $8,396,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. First Financial Corp IN purchased a new stake in shares of CRH during the first quarter worth $26,000. GHP Investment Advisors Inc. raised its position 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 purchasing an additional 259 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of CRH by 71.5% in the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after buying an additional 173 shares during the period. Rothschild Investment LLC acquired a new position in shares of CRH during the second quarter worth about $43,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of CRH during the fourth quarter worth approximately $47,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRH has been the subject of several analyst reports. Stephens assumed coverage on shares of CRH in a report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price target for the company. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Citigroup decreased their price target on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. DA Davidson increased their price objective on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Truist Financial boosted their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $95.70.

CRH Stock Performance

Shares of CRH opened at $92.89 on Friday. The stock has a market capitalization of $63.79 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.38 and a beta of 1.30. CRH plc has a 1 year low of $51.59 and a 1 year high of $93.07. The company’s fifty day moving average is $84.66 and its two-hundred day moving average is $81.79.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting 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. Sell-side analysts predict that CRH plc will post 5.45 EPS for the current year.

CRH Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd will be issued a $0.35 dividend. The ex-dividend date is Friday, August 23rd. This represents a dividend yield of 1.7%. CRH’s dividend payout ratio 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.