Envestnet Asset Management Inc. Has $73.97 Million Position in CRH plc (NYSE:CRH)

Envestnet Asset Management Inc. boosted its holdings in shares of CRH plc (NYSE:CRH) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 987,547 shares of the construction company’s stock after buying an additional 47,113 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of CRH worth $73,969,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV boosted its stake in CRH by 17.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock worth $79,000 after buying an additional 133 shares in the last quarter. Janiczek Wealth Management LLC boosted its stake in CRH by 3.4% during the first quarter. Janiczek Wealth Management LLC now owns 4,908 shares of the construction company’s stock worth $423,000 after buying an additional 160 shares in the last quarter. 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 buying an additional 173 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in CRH by 30.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock worth $54,000 after buying an additional 183 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its stake in CRH by 3.2% during the second quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company’s stock worth $450,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

CRH has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Citigroup reduced their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Stephens initiated coverage on shares of CRH in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price on the stock. Finally, Truist Financial 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Trading Up 0.1 %

Shares of NYSE CRH opened at $89.28 on Wednesday. CRH plc has a 12-month low of $51.59 and a 12-month high of $91.02. The firm’s 50-day simple moving average is $83.87 and its 200 day simple moving average is $81.59.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, hitting the consensus estimate of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. Research analysts expect that CRH plc will post 5.45 EPS for the current fiscal year.

CRH Cuts Dividend

The company also recently disclosed 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 yield of 1.7%.

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.