Hsbc Holdings PLC Has $35.26 Million Holdings in CRH plc (NYSE:CRH)

Hsbc Holdings PLC trimmed its holdings in shares of CRH plc (NYSE:CRH) by 49.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 471,954 shares of the construction company’s stock after selling 464,915 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of CRH worth $35,259,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of CRH by 17.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock worth $79,000 after acquiring an additional 133 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in CRH by 3.4% during the first quarter. Janiczek Wealth Management LLC now owns 4,908 shares of the construction company’s stock valued at $423,000 after purchasing an additional 160 shares during the last quarter. NBC Securities Inc. grew its holdings in CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after purchasing an additional 173 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of CRH by 30.5% in 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 during the last quarter. Finally, Gallacher Capital Management LLC boosted its holdings in shares of CRH by 3.2% during the 2nd 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 during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

NYSE:CRH opened at $92.85 on Friday. The company has a 50-day moving average of $84.66 and a 200-day moving average of $81.79. CRH plc has a 52 week low of $51.59 and a 52 week high of $93.07. 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.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. Sell-side analysts forecast that CRH plc will post 5.45 EPS for the current year.

CRH Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a yield of 1.7%. CRH’s dividend payout ratio is currently 29.72%.

Wall Street Analyst Weigh In

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 lifted their target price for the stock from $87.00 to $88.00 in a report on Tuesday, July 9th. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Stephens started coverage on CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price target on the stock. Citigroup reduced their price objective on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, Truist Financial boosted their target price on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.