B. Riley Wealth Advisors Inc. Has $573,000 Holdings in CRH plc (NYSE:CRH)

B. Riley Wealth Advisors Inc. cut its stake in shares of CRH plc (NYSE:CRH) by 18.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,642 shares of the construction company’s stock after selling 1,719 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in CRH were worth $573,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Financial Corp IN acquired a new position in shares of CRH during the first quarter worth $26,000. GHP Investment Advisors Inc. increased its holdings 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 purchasing an additional 259 shares during the period. NBC Securities Inc. increased its holdings in CRH by 71.5% in 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 period. Rothschild Investment LLC acquired a new stake in CRH in the second quarter valued at $43,000. Finally, Quarry LP acquired a new stake in CRH in the second quarter valued at $49,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRH has been the topic of a number of research analyst reports. Morgan Stanley raised shares of CRH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $87.00 to $88.00 in a research report on Tuesday, July 9th. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Citigroup dropped their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. DA Davidson increased their price objective 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. Finally, Truist Financial raised their price target on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average price target of $95.70.

CRH Price Performance

NYSE:CRH opened at $89.11 on Friday. CRH plc has a one year low of $51.59 and a one year high of $94.14. The company’s 50-day simple moving average is $86.75 and its 200 day simple moving average is $82.33. The firm has a market capitalization of $61.19 billion, a P/E ratio of 14.90, a PEG ratio of 1.33 and a beta of 1.30.

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 the consensus estimate 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, equities research analysts expect that CRH plc will post 5.44 earnings per share for the current fiscal year.

CRH Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a dividend yield of 1.7%. CRH’s dividend payout ratio is presently 29.77%.

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.