15,296 Shares in CRH plc (NYSE:CRH) Acquired by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC purchased a new position in CRH plc (NYSE:CRH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,296 shares of the construction company’s stock, valued at approximately $1,147,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. grew its stake in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after acquiring an additional 259 shares during the last quarter. First Financial Corp IN acquired a new position in shares of CRH in the 1st quarter valued at $26,000. NBC Securities Inc. increased its position 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 acquiring an additional 173 shares during the period. Rothschild Investment LLC purchased a new position in CRH in the 2nd quarter worth $43,000. Finally, Richardson Financial Services Inc. acquired a new stake in CRH during the 4th quarter worth about $47,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of NYSE CRH opened at $92.72 on Tuesday. The firm has a fifty day moving average of $86.04 and a 200 day moving average of $82.17. The firm has a market cap of $63.67 billion, a PE ratio of 15.51, a PEG ratio of 1.33 and a beta of 1.30. CRH plc has a one year low of $51.59 and a one year high of $94.14.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, hitting the consensus estimate of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. On average, equities analysts predict that CRH plc will post 5.44 EPS for the current fiscal year.

CRH Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, August 23rd were given a dividend of $0.35 per share. This represents a dividend yield of 1.7%. The ex-dividend date was Friday, August 23rd. CRH’s payout ratio is 29.77%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup decreased their target price on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Stephens initiated coverage on shares of CRH in a research report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 target price for the company. Truist Financial increased their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, DA Davidson boosted 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.