Gulf International Bank UK Ltd Sells 2,686 Shares of CRH plc (NYSE:CRH)

Gulf International Bank UK Ltd reduced its position in CRH plc (NYSE:CRH) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,085 shares of the construction company’s stock after selling 2,686 shares during the quarter. Gulf International Bank UK Ltd’s holdings in CRH were worth $4,923,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in shares of CRH by 211.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company’s stock worth $3,337,000 after acquiring an additional 26,276 shares during the period. Cetera Advisors LLC acquired a new position in shares of CRH in the 1st quarter worth approximately $1,277,000. SG Americas Securities LLC lifted its position in shares of CRH by 510.9% during the 1st quarter. SG Americas Securities LLC now owns 22,751 shares of the construction company’s stock worth $1,963,000 after buying an additional 19,027 shares during the period. LGT Group Foundation boosted its stake in CRH by 8,189.3% in the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after buying an additional 1,580,527 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in CRH by 30.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,651 shares of the construction company’s stock worth $574,000 after acquiring an additional 1,558 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 2.6 %

CRH stock opened at $96.90 on Wednesday. The business’s 50-day simple moving average is $90.75 and its 200 day simple moving average is $83.72. CRH plc has a 12-month low of $56.88 and a 12-month high of $97.06.

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, meeting the consensus estimate of $1.85. The business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. Equities research analysts forecast that CRH plc will post 5.44 EPS for the current fiscal year.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRH. DA Davidson boosted their target price 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. Citigroup reduced 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. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Truist Financial lifted their target price 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, Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $97.00.

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.