Shepherd Financial Partners LLC Has $3.01 Million Stake in CRH plc (NYSE:CRH)

Shepherd Financial Partners LLC boosted its holdings in CRH plc (NYSE:CRH) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,482 shares of the construction company’s stock after buying an additional 1,028 shares during the period. Shepherd Financial Partners LLC’s holdings in CRH were worth $3,012,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nordea Investment Management AB acquired a new stake in CRH in the first quarter worth $71,172,000. Janney Montgomery Scott LLC lifted its stake 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 buying an additional 26,276 shares during the last quarter. Norden Group LLC bought a new position in CRH in the 1st quarter valued at about $4,041,000. Cetera Advisors LLC bought a new position in CRH in the 1st quarter valued at about $1,277,000. Finally, SG Americas Securities LLC grew its holdings 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 valued at $1,963,000 after purchasing an additional 19,027 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRH has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. DA Davidson upped 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. Citigroup reduced their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research 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. Finally, Truist Financial raised 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. Three investment 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, CRH presently has a consensus rating of “Moderate Buy” and an average target price of $97.00.

CRH Stock Up 0.6 %

NYSE:CRH traded up $0.59 on Friday, reaching $96.02. 838,949 shares of the company’s stock were exchanged, compared to its average volume of 4,882,010. The business has a fifty day moving average of $90.38 and a 200-day moving average of $83.28. CRH plc has a 52-week low of $56.39 and a 52-week high of $96.82.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. Analysts predict that CRH plc will post 5.44 EPS 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 issued a dividend of $0.35 per share. The ex-dividend date was Friday, August 23rd. This represents a yield of 1.7%.

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.