CRH plc (NYSE:CRH) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of CRH plc (NYSE:CRH) by 34.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 627,594 shares of the construction company’s stock after selling 334,413 shares during the period. Sei Investments Co. owned 0.09% of CRH worth $47,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. Greenhaven Associates Inc. boosted its stake in shares of CRH by 0.8% during the 2nd quarter. Greenhaven Associates Inc. now owns 11,120,064 shares of the construction company’s stock worth $833,782,000 after purchasing an additional 91,267 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 acquiring an additional 431,172 shares during the last quarter. Putnam Investments LLC grew its stake in CRH by 3,384.4% in the 4th quarter. Putnam Investments LLC now owns 6,781,697 shares of the construction company’s stock worth $469,022,000 after acquiring an additional 6,587,066 shares during the period. Lazard Asset Management LLC raised its holdings 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 acquiring an additional 5,068,682 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of 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 purchasing an additional 2,365,589 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $92.89 on Monday. CRH plc has a one year low of $51.59 and a one year high of $93.07. The stock’s 50 day moving average price is $84.66 and its 200 day moving average price is $81.78. The firm has a market capitalization of $63.79 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30.

CRH (NYSE:CRH) last posted its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. On average, analysts forecast that CRH plc will post 5.45 earnings per share for the current fiscal year.

CRH Cuts Dividend

The firm also recently announced 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. The ex-dividend date is Friday, August 23rd. This represents a dividend yield of 1.7%. CRH’s dividend payout ratio is presently 29.72%.

Analysts Set New Price Targets

CRH has been the subject of several analyst reports. Truist Financial upped their target price on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Citigroup lowered their target price 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 started coverage on shares of CRH in a research note on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price target on the stock. Finally, Morgan Stanley raised shares of CRH from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.