Oppenheimer & Co. Inc. Has $1.99 Million Holdings in CRH plc (NYSE:CRH)

Oppenheimer & Co. Inc. decreased its position in CRH plc (NYSE:CRH) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,545 shares of the construction company’s stock after selling 293 shares during the period. Oppenheimer & Co. Inc.’s holdings in CRH were worth $1,990,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. First Financial Corp IN bought a new position in shares of CRH during the 1st quarter worth approximately $26,000. NBC Securities Inc. boosted its stake in CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after acquiring an additional 173 shares in the last quarter. Rothschild Investment LLC acquired a new stake in CRH in the second quarter worth $43,000. Richardson Financial Services Inc. bought a new stake in CRH in the fourth quarter valued at $47,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of CRH by 30.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock valued at $54,000 after purchasing an additional 183 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 1.9 %

Shares of NYSE:CRH opened at $89.16 on Tuesday. The company’s fifty day moving average is $83.60 and its 200 day moving average is $81.55. CRH plc has a 52 week low of $51.59 and a 52 week high of $91.02.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. The company had revenue of $9.65 billion during the quarter, compared to analysts’ expectations of $10.16 billion. As a group, sell-side analysts forecast that CRH plc will post 5.45 EPS for the current fiscal year.

CRH Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.35 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 23rd.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRH. DA Davidson increased their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Citigroup reduced their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Stephens started 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. Finally, Morgan Stanley raised shares of CRH from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $87.00 to $88.00 in a research 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’s stock. Based on data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average target price of $95.70.

CRH 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.