Fulton Bank N.A. Grows Holdings in CRH plc (NYSE:CRH)

Fulton Bank N.A. raised its position in CRH plc (NYSE:CRH) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,654 shares of the construction company’s stock after buying an additional 1,256 shares during the period. Fulton Bank N.A.’s holdings in CRH were worth $803,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CRH. Nordea Investment Management AB purchased a new position in CRH in the first quarter valued at about $71,172,000. Janney Montgomery Scott LLC increased its stake in shares of CRH by 211.8% in the first quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company’s stock worth $3,337,000 after buying an additional 26,276 shares during the last quarter. Norden Group LLC bought a new stake in shares of CRH in the first quarter worth $4,041,000. Cetera Advisors LLC acquired a new stake in CRH in the first quarter valued at $1,277,000. Finally, SG Americas Securities LLC boosted its stake in CRH by 510.9% during the 1st quarter. SG Americas Securities LLC now owns 22,751 shares of the construction company’s stock valued at $1,963,000 after acquiring an additional 19,027 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of CRH opened at $89.23 on Wednesday. CRH plc has a 1 year low of $51.59 and a 1 year high of $94.14. The firm has a fifty day moving average of $86.87 and a 200-day moving average of $82.33. The company has a market cap of $61.27 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.33 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 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. Analysts predict that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup dropped their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Stephens began coverage on CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price for the company. Truist Financial upped their price target on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, DA Davidson lifted their price objective on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three investment 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, the company presently has an average rating of “Moderate Buy” and an average 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.