Wealth Alliance Has $449,000 Holdings in CRH plc (NYSE:CRH)

Wealth Alliance trimmed its holdings in CRH plc (NYSE:CRH) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,990 shares of the construction company’s stock after selling 537 shares during the period. Wealth Alliance’s holdings in CRH were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CRH. Greenhaven Associates Inc. lifted its stake in CRH by 0.8% in the second quarter. Greenhaven Associates Inc. now owns 11,120,064 shares of the construction company’s stock valued at $833,782,000 after buying an additional 91,267 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in CRH by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock worth $646,188,000 after purchasing an additional 431,172 shares during the last quarter. Putnam Investments LLC grew its position in CRH by 3,384.4% in the fourth quarter. Putnam Investments LLC now owns 6,781,697 shares of the construction company’s stock valued at $469,022,000 after purchasing an additional 6,587,066 shares in the last quarter. Lazard Asset Management LLC increased its stake in CRH by 35,497.5% in the 1st quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after buying an additional 5,068,682 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in CRH by 103.9% during the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after buying an additional 2,365,589 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Up 3.0 %

CRH stock opened at $92.73 on Friday. CRH plc has a twelve month low of $51.59 and a twelve month high of $92.97. The stock has a market cap of $63.67 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.38 and a beta of 1.30. The company’s 50-day moving average price is $84.39 and its two-hundred day moving average price is $81.72.

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 firm had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. Equities analysts anticipate that CRH plc will post 5.45 earnings per share for the current fiscal year.

CRH Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, August 23rd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a dividend yield of 1.7%. CRH’s dividend payout ratio (DPR) is presently 29.72%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CRH. Truist Financial lifted their target price on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $87.00 to $88.00 in a research note on Tuesday, July 9th. Citigroup decreased their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Stephens assumed coverage on shares of CRH in a research report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price target on the stock. Finally, StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and a consensus 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.