8,464 Shares in CRH plc (NYSE:CRH) Purchased by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning purchased a new position in shares of CRH plc (NYSE:CRH) in the first quarter, HoldingsChannel reports. The institutional investor purchased 8,464 shares of the construction company’s stock, valued at approximately $730,000.

Other large investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its position in shares of CRH by 17.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock worth $79,000 after purchasing an additional 133 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in shares of CRH by 3.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company’s stock worth $329,000 after buying an additional 155 shares in the last quarter. NBC Securities Inc. raised its stake in shares of 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 acquiring an additional 173 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of CRH by 30.5% in 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 in the last quarter. Finally, Allworth Financial LP grew its position in CRH by 25.6% during the 4th quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock worth $67,000 after acquiring an additional 199 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

CRH stock opened at $72.93 on Wednesday. The company’s 50 day simple moving average is $78.90 and its 200 day simple moving average is $77.28. CRH plc has a fifty-two week low of $51.59 and a fifty-two week high of $88.00.

CRH (NYSE:CRH) last announced its quarterly earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion. Equities research analysts predict that CRH plc will post 5.35 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently declared a Variable dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, May 24th were issued a $0.35 dividend. This is an increase from CRH’s previous Variable dividend of $0.23. This represents a dividend yield of 1.7%. The ex-dividend date was Thursday, May 23rd.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRH. Citigroup lifted their price objective on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Stephens began coverage on CRH in a report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price target for the company. StockNews.com lowered shares of CRH from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Truist Financial boosted their target price on shares of CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $82.00 price target (up previously from $80.00) on shares of CRH in a report on Monday, April 15th. Two 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.11.

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.