CRH plc (NYSE:CRH) Shares Sold by US Bancorp DE

US Bancorp DE lowered its holdings in CRH plc (NYSE:CRH) by 28.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,256 shares of the construction company’s stock after selling 33,166 shares during the period. US Bancorp DE’s holdings in CRH were worth $7,628,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRH. Grove Bank & Trust boosted its stake in CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after buying an additional 123 shares during the last quarter. UMB Bank n.a. boosted its position in shares of CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. CVA Family Office LLC boosted its position in shares of CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after acquiring an additional 128 shares during the last quarter. Gallacher Capital Management LLC increased its position in CRH by 3.2% during the second quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company’s stock worth $450,000 after purchasing an additional 188 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in CRH by 2.7% during the third quarter. V Square Quantitative Management LLC now owns 7,875 shares of the construction company’s stock worth $730,000 after purchasing an additional 204 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

NYSE CRH opened at $95.80 on Monday. The company’s fifty day simple moving average is $90.49 and its 200-day simple moving average is $83.46. CRH plc has a 52 week low of $56.39 and a 52 week high of $96.82.

CRH (NYSE:CRH) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $10.16 billion. On average, equities research analysts expect that CRH plc will post 5.44 earnings per share for the current year.

CRH Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 23rd. This represents a yield of 1.7%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRH. Citigroup decreased their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. DA Davidson lifted their target price on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $87.00 to $88.00 in a research note on Tuesday, July 9th. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Finally, Truist Financial increased their target price 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. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.00.

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.