Kingswood Wealth Advisors LLC Takes $591,000 Position in CRH plc (NYSE:CRH)

Kingswood Wealth Advisors LLC bought a new stake in CRH plc (NYSE:CRH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,877 shares of the construction company’s stock, valued at approximately $591,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of CRH in the fourth quarter valued at approximately $1,014,454,000. Putnam Investments LLC lifted its holdings in CRH by 3,384.4% during the 4th quarter. Putnam Investments LLC now owns 6,781,697 shares of the construction company’s stock valued at $469,022,000 after purchasing an additional 6,587,066 shares during the last quarter. Sprucegrove Investment Management Ltd. acquired a new stake in CRH during the 4th quarter valued at $395,583,000. Lazard Asset Management LLC boosted its position in CRH by 35,497.5% during the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock worth $438,455,000 after purchasing an additional 5,068,682 shares during the period. Finally, TD Asset Management Inc increased its holdings in shares of CRH by 2,199.7% in the first quarter. TD Asset Management Inc now owns 3,342,432 shares of the construction company’s stock valued at $288,383,000 after purchasing an additional 3,197,092 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 2.9 %

CRH traded down $2.31 on Wednesday, hitting $76.09. 6,008,040 shares of the stock were exchanged, compared to its average volume of 5,366,945. CRH plc has a 12 month low of $51.59 and a 12 month high of $88.00. The business has a 50-day moving average of $78.12 and a two-hundred day moving average of $79.25.

CRH (NYSE:CRH) last issued its quarterly earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion. Analysts predict that CRH plc will post 5.39 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently announced a Variable dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, May 24th were issued a $0.35 dividend. This represents a dividend yield of 1.7%. The ex-dividend date was Thursday, May 23rd. This is an increase from CRH’s previous Variable dividend of $0.23.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada assumed coverage on shares of CRH in a research note on Tuesday, May 14th. They issued an “outperform” rating and a $110.00 price target on the stock. Truist Financial increased their target price on CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research note on Monday. Citigroup lowered their price objective on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $82.00 target price (up previously from $80.00) on shares of CRH in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

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.