CRH plc (NYSE:CRH) Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC grew its position in CRH plc (NYSE:CRH) by 17.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,284 shares of the construction company’s stock after purchasing an additional 2,115 shares during the period. AE Wealth Management LLC’s holdings in CRH were worth $1,071,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CRH. Canada Pension Plan Investment Board increased its holdings in CRH by 2.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,115,805 shares of the construction company’s stock worth $83,663,000 after buying an additional 24,600 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in shares of CRH in the 2nd quarter valued at $7,182,000. Intech Investment Management LLC acquired a new stake in shares of CRH in the second quarter worth $8,633,000. Leuthold Group LLC purchased a new position in shares of CRH during the second quarter worth $7,690,000. Finally, Seven Eight Capital LP lifted its position in CRH by 502.3% during the second quarter. Seven Eight Capital LP now owns 48,645 shares of the construction company’s stock valued at $3,647,000 after purchasing an additional 40,568 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of NYSE CRH opened at $91.49 on Wednesday. The firm has a fifty day moving average of $85.08 and a 200 day moving average of $81.92. The firm has a market cap of $62.82 billion, a PE ratio of 15.27, 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 EPS for the quarter, hitting analysts’ consensus estimates of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. On average, equities analysts predict that CRH plc will post 5.45 EPS for the current fiscal year.

CRH Cuts Dividend

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

Analyst Ratings Changes

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

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.