CRH plc (NYSE:CRH) Shares Sold by United Services Automobile Association

United Services Automobile Association lowered its holdings in CRH plc (NYSE:CRH) by 39.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,467 shares of the construction company’s stock after selling 74,862 shares during the quarter. United Services Automobile Association’s holdings in CRH were worth $8,606,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Nordea Investment Management AB acquired a new stake in shares of CRH in the first quarter valued at about $71,172,000. Janney Montgomery Scott LLC boosted 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 acquiring an additional 26,276 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of CRH by 2,426.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,826,501 shares of the construction company’s stock worth $195,481,000 after acquiring an additional 2,714,634 shares in the last quarter. Norden Group LLC acquired a new stake in shares of CRH in the 1st quarter worth approximately $4,041,000. Finally, Cetera Advisors LLC purchased a new position in CRH in the 1st quarter valued at approximately $1,277,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of CRH stock opened at $84.07 on Monday. CRH plc has a fifty-two week low of $51.59 and a fifty-two week high of $91.02. The business’s fifty day moving average is $82.02 and its two-hundred day moving average is $81.27.

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

CRH Cuts Dividend

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

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of research analyst reports. Truist Financial boosted their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Royal Bank of Canada started coverage on shares of CRH in a research report on Tuesday, May 14th. They issued an “outperform” rating and a $110.00 price objective on the stock. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Morgan Stanley raised shares of CRH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $87.00 to $88.00 in a report on Tuesday, July 9th. Finally, Stephens started coverage on shares of CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and a consensus price target of $95.70.

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.