New York State Common Retirement Fund Has $71.87 Million Stock Holdings in CRH plc (NYSE:CRH)

New York State Common Retirement Fund trimmed its position in CRH plc (NYSE:CRH) by 33.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 774,911 shares of the construction company’s stock after selling 396,225 shares during the quarter. New York State Common Retirement Fund’s holdings in CRH were worth $71,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hi Line Capital Management LLC acquired a new stake in shares of CRH during the 3rd quarter worth approximately $6,482,000. Manitou Investment Management Ltd. bought a new position in CRH in the third quarter valued at approximately $1,024,000. Stephens Inc. AR grew its holdings in CRH by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 4,816 shares of the construction company’s stock worth $447,000 after acquiring an additional 290 shares during the period. Financial Advocates Investment Management bought a new stake in shares of CRH during the 3rd quarter valued at $249,000. Finally, Diversify Wealth Management LLC lifted its stake in shares of CRH by 5.7% in the 3rd quarter. Diversify Wealth Management LLC now owns 10,070 shares of the construction company’s stock valued at $915,000 after purchasing an additional 540 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

Shares of CRH stock opened at $95.84 on Friday. CRH plc has a 12-month low of $56.39 and a 12-month high of $96.82. The firm has a fifty day moving average of $90.49 and a 200-day moving average of $83.39.

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

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CRH shares. Morgan Stanley upgraded 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. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. 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 report on Friday, August 9th. DA Davidson boosted their price objective on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Citigroup cut their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Three research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.00.

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.