CRH plc (NYSE:CRH) Shares Purchased by Buckley Wealth Management LLC

Buckley Wealth Management LLC boosted its position in CRH plc (NYSE:CRH) by 2.7% in the 3rd quarter, Holdings Channel reports. The firm owned 8,698 shares of the construction company’s stock after acquiring an additional 231 shares during the quarter. Buckley Wealth Management LLC’s holdings in CRH were worth $807,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CRH. Grove Bank & Trust grew its holdings in shares of CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after buying an additional 123 shares in the last quarter. UMB Bank n.a. grew its stake in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. CVA Family Office LLC raised its holdings in CRH by 2.1% in the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after acquiring an additional 128 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in CRH by 17.0% in 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. Finally, Janiczek Wealth Management LLC boosted its holdings in shares of CRH by 3.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 4,908 shares of the construction company’s stock worth $423,000 after purchasing an additional 160 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

Shares of NYSE:CRH traded down $0.17 during mid-day trading on Friday, reaching $93.48. 2,257,807 shares of the company were exchanged, compared to its average volume of 4,969,095. The firm has a market cap of $64.19 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.30 and a beta of 1.30. CRH plc has a 1 year low of $51.59 and a 1 year high of $94.14. The firm’s 50-day simple moving average is $88.88 and its 200 day simple moving average is $82.72.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting 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, research analysts forecast that CRH plc will post 5.44 earnings per share for the current fiscal 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 paid a dividend of $0.35 per share. This represents a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 23rd. CRH’s payout ratio is currently 29.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CRH shares. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Citigroup reduced their price target on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Morgan Stanley raised shares of 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 report on Tuesday, July 9th. DA Davidson lifted their target price on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Truist Financial increased their price target 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.