Frank Rimerman Advisors LLC Buys Shares of 20,236 CRH plc (NYSE:CRH)

Frank Rimerman Advisors LLC purchased a new stake in CRH plc (NYSE:CRH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,236 shares of the construction company’s stock, valued at approximately $1,517,000.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of CRH during the fourth quarter valued at about $858,000. Wells Fargo & Company MN raised its position in shares of CRH by 13.7% during the 4th quarter. Wells Fargo & Company MN now owns 246,775 shares of the construction company’s stock worth $17,067,000 after buying an additional 29,720 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of CRH by 30.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock worth $54,000 after acquiring an additional 183 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of CRH by 40.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 84,195 shares of the construction company’s stock valued at $5,801,000 after acquiring an additional 24,411 shares in the last quarter. Finally, Congress Wealth Management LLC DE acquired a new position in shares of CRH during the fourth quarter valued at approximately $212,000. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

CRH has been the subject of a number of research analyst reports. Stephens initiated coverage on CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price for the company. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Truist Financial boosted their price target on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. DA Davidson raised their price objective on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Citigroup dropped their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Price Performance

Shares of CRH opened at $92.89 on Monday. The company has a 50-day moving average of $84.66 and a two-hundred day moving average of $81.78. The stock has a market cap of $63.79 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.38 and a beta of 1.30. CRH plc has a one year low of $51.59 and a one year high of $93.07.

CRH (NYSE:CRH) last released its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.85. The business had revenue of $9.65 billion during the quarter, compared to analysts’ expectations of $10.16 billion. Analysts anticipate that CRH plc will post 5.45 earnings per share for the current year.

CRH Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd will be paid a $0.35 dividend. The ex-dividend date is Friday, August 23rd. This represents a yield of 1.7%. CRH’s dividend payout ratio is presently 29.72%.

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.