Evergreen Capital Management LLC Sells 744 Shares of CRH plc (NYSE:CRH)

Evergreen Capital Management LLC cut its stake in CRH plc (NYSE:CRH) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,770 shares of the construction company’s stock after selling 744 shares during the period. Evergreen Capital Management LLC’s holdings in CRH were worth $11,005,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRH. Janney Montgomery Scott LLC acquired a new stake in CRH in the fourth quarter worth $858,000. Wells Fargo & Company MN increased its stake in shares of CRH by 13.7% during the 4th quarter. Wells Fargo & Company MN now owns 246,775 shares of the construction company’s stock worth $17,067,000 after purchasing an additional 29,720 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of CRH by 30.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock worth $54,000 after acquiring an additional 183 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in CRH by 40.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 84,195 shares of the construction company’s stock worth $5,801,000 after buying an additional 24,411 shares during the period. Finally, Congress Wealth Management LLC DE purchased a new position in CRH in the 4th quarter valued at approximately $212,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 0.2 %

NYSE:CRH opened at $92.89 on Monday. The firm has a 50 day moving average of $84.66 and a 200 day moving average of $81.78. CRH plc has a 52 week low of $51.59 and a 52 week high of $93.07. The stock has a market capitalization of $63.79 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.38 and a beta of 1.30.

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

CRH Cuts Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on CRH. DA Davidson raised 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. Truist Financial upped their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Citigroup reduced their price target on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $87.00 to $88.00 in a report on Tuesday, July 9th. Finally, StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CRH presently 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.