Dimensional Fund Advisors LP Purchases 100,038 Shares of CRH plc (NYSE:CRH)

Dimensional Fund Advisors LP lifted its position in shares of CRH plc (NYSE:CRH) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,099,866 shares of the construction company’s stock after purchasing an additional 100,038 shares during the period. Dimensional Fund Advisors LP owned 0.31% of CRH worth $157,365,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. lifted its position 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 valued at $25,000 after purchasing an additional 259 shares in the last quarter. First Financial Corp IN bought a new position in shares of CRH during the first quarter valued at about $26,000. NBC Securities Inc. increased its holdings 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 during the last quarter. Rothschild Investment LLC purchased a new stake in CRH during the second quarter worth about $43,000. Finally, Richardson Financial Services Inc. purchased a new stake in CRH during the fourth quarter worth about $47,000. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 0.1 %

CRH opened at $92.85 on Friday. The company has a market capitalization of $63.76 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.38 and a beta of 1.30. The firm has a 50-day moving average price of $84.66 and a 200-day moving average price of $81.79. CRH plc has a twelve month low of $51.59 and a twelve month high of $93.07.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. On average, sell-side analysts expect that CRH plc will post 5.45 earnings per share 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. Stockholders of record on Friday, August 23rd will be given 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 currently 29.72%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup decreased their price objective 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. Stephens assumed coverage on shares of CRH in a report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price objective for the company. Truist Financial raised their price objective on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. DA Davidson raised their price objective on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock 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 issued a buy rating to the company. According to MarketBeat, the stock 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.