Ashton Thomas Private Wealth LLC Sells 2,424 Shares of CRH plc (NYSE:CRH)

Ashton Thomas Private Wealth LLC lowered its position in shares of CRH plc (NYSE:CRH) by 7.4% during the second quarter, Holdings Channel.com reports. The firm owned 30,526 shares of the construction company’s stock after selling 2,424 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in CRH were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CRH. First Financial Corp IN bought a new position in shares of CRH during the first quarter worth approximately $26,000. NBC Securities Inc. increased its stake in shares of CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after purchasing an additional 173 shares during the period. Rothschild Investment LLC bought a new position in CRH during the 2nd quarter worth $43,000. Richardson Financial Services Inc. bought a new position in CRH during the 4th quarter worth $47,000. Finally, EverSource Wealth Advisors LLC increased its stake in CRH by 30.5% during 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 during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.2 %

NYSE CRH opened at $84.27 on Tuesday. CRH plc has a twelve month low of $51.59 and a twelve month high of $91.02. The company has a market cap of $57.53 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30. The business’s fifty day moving average is $82.25 and its 200 day moving average is $81.31.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. On average, research analysts anticipate that CRH plc will post 5.44 earnings per share for the current fiscal year.

CRH Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, August 23rd will be issued a dividend of $0.35 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 23rd. CRH’s dividend payout ratio (DPR) is 29.82%.

Analyst Ratings Changes

A number of equities analysts have commented on CRH shares. Truist Financial raised their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. DA Davidson raised their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Citigroup lowered their price objective on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Royal Bank of Canada initiated coverage on CRH in a research note on Tuesday, May 14th. They issued an “outperform” rating and a $110.00 price target on the stock. Finally, Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

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.