Ensign Peak Advisors Inc Has $14.30 Million Position in CRH plc (NYSE:CRH)

Ensign Peak Advisors Inc grew its position in CRH plc (NYSE:CRH) by 259.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,666 shares of the construction company’s stock after purchasing an additional 137,556 shares during the period. Ensign Peak Advisors Inc’s holdings in CRH were worth $14,296,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GHP Investment Advisors Inc. boosted its position in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after buying an additional 259 shares in the last quarter. First Financial Corp IN acquired a new position in shares of CRH in the 1st quarter worth approximately $26,000. NBC Securities Inc. grew its position in CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after acquiring an additional 173 shares during the last quarter. Rothschild Investment LLC acquired a new stake in CRH during the 2nd quarter valued at $43,000. Finally, Richardson Financial Services Inc. bought a new position in CRH in the 4th quarter valued at $47,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.0 %

CRH stock opened at $91.97 on Tuesday. CRH plc has a twelve month low of $51.59 and a twelve month high of $93.07. The company has a market cap of $63.15 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30. The business’s fifty day moving average is $84.90 and its 200-day moving average is $81.85.

CRH (NYSE:CRH) last issued its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. The company had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. Research analysts anticipate 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. Investors of record on Friday, August 23rd will be issued a dividend of $0.35 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 23rd. CRH’s dividend payout ratio is currently 29.72%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CRH shares. Citigroup lowered their target price on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Truist Financial increased their price target 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. DA Davidson boosted their price objective 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. Finally, Stephens began coverage on CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.70.

About CRH

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.