SG Americas Securities LLC Cuts Stake in CRH plc (NYSE:CRH)

SG Americas Securities LLC decreased its holdings in CRH plc (NYSE:CRH) by 43.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,714 shares of the construction company’s stock after selling 64,841 shares during the period. SG Americas Securities LLC’s holdings in CRH were worth $7,764,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB purchased a new stake in shares of CRH in the 1st quarter valued at $71,172,000. Janney Montgomery Scott LLC raised its holdings in CRH by 211.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company’s stock valued at $3,337,000 after buying an additional 26,276 shares during the last quarter. Norden Group LLC bought a new stake in CRH during the 1st quarter valued at $4,041,000. Cetera Advisors LLC bought a new stake in CRH during the 1st quarter valued at $1,277,000. Finally, LGT Group Foundation raised its holdings in CRH by 8,189.3% during the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after buying an additional 1,580,527 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.5 %

Shares of NYSE CRH opened at $89.11 on Friday. CRH plc has a 12 month low of $51.59 and a 12 month high of $94.14. The firm has a market capitalization of $61.19 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The firm has a fifty day simple moving average of $86.75 and a two-hundred day simple moving average of $82.33.

CRH (NYSE:CRH) last issued 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 business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. On average, sell-side analysts predict that CRH plc will post 5.44 earnings per share for the current year.

CRH Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on CRH. Stephens began 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. Truist Financial upped 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. DA Davidson upped 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. Citigroup lowered their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Morgan Stanley upgraded shares of 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 report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.