Diversify Wealth Management LLC Purchases 540 Shares of CRH plc (NYSE:CRH)

Diversify Wealth Management LLC raised its position in CRH plc (NYSE:CRH) by 5.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,070 shares of the construction company’s stock after acquiring an additional 540 shares during the period. Diversify Wealth Management LLC’s holdings in CRH were worth $915,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CRH. Lazard Asset Management LLC lifted its stake in CRH by 35,497.5% in the 1st quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after acquiring an additional 5,068,682 shares in the last quarter. Legal & General Group Plc lifted its stake in CRH by 36,503.4% in the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after acquiring an additional 4,825,752 shares in the last quarter. TD Asset Management Inc lifted its stake in CRH by 2,199.7% in the 1st quarter. TD Asset Management Inc now owns 3,342,432 shares of the construction company’s stock valued at $288,383,000 after acquiring an additional 3,197,092 shares in the last quarter. Acadian Asset Management LLC lifted its stake in CRH by 1,095.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,275,591 shares of the construction company’s stock valued at $282,512,000 after acquiring an additional 3,001,488 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in CRH by 103.9% in the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock valued at $348,112,000 after acquiring an additional 2,365,589 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 1.4 %

CRH stock opened at $95.98 on Thursday. The firm has a market capitalization of $65.52 billion, a PE ratio of 15.97, a PEG ratio of 1.30 and a beta of 1.30. CRH plc has a 1-year low of $53.42 and a 1-year high of $96.82. The business’s 50 day simple moving average is $90.23 and its 200 day simple moving average is $83.20.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS 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. As a group, sell-side analysts predict that CRH plc will post 5.44 EPS for the current fiscal year.

CRH Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, August 23rd were issued a $0.35 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 23rd. CRH’s dividend payout ratio is 26.46%.

Analyst Ratings Changes

Several research firms have weighed in on CRH. Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. DA Davidson boosted their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Barclays began coverage on CRH in a research report on Tuesday. They set an “overweight” rating and a $110.00 price target on the stock. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Truist Financial boosted their price target on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.