Hardy Reed LLC Sells 279 Shares of Crh Plc $CRH

Hardy Reed LLC lessened its holdings in Crh Plc (NYSE:CRH) by 9.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,534 shares of the construction company’s stock after selling 279 shares during the quarter. Hardy Reed LLC’s holdings in CRH were worth $233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC boosted its stake in CRH by 16.4% in the second quarter. DAVENPORT & Co LLC now owns 64,640 shares of the construction company’s stock valued at $5,934,000 after acquiring an additional 9,125 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of CRH in the 2nd quarter worth $231,000. QRG Capital Management Inc. grew its stake in shares of CRH by 3,913.2% during the second quarter. QRG Capital Management Inc. now owns 283,255 shares of the construction company’s stock worth $26,003,000 after purchasing an additional 276,197 shares during the period. TFG Advisers LLC increased its holdings in CRH by 6.3% in the second quarter. TFG Advisers LLC now owns 4,904 shares of the construction company’s stock valued at $450,000 after purchasing an additional 290 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. lifted its stake in CRH by 56.2% in the second quarter. ASR Vermogensbeheer N.V. now owns 20,691 shares of the construction company’s stock valued at $1,899,000 after buying an additional 7,444 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Trading Down 1.4%

CRH stock opened at $118.28 on Tuesday. The stock has a 50-day moving average price of $110.81 and a two-hundred day moving average price of $98.59. Crh Plc has a 1 year low of $76.75 and a 1 year high of $121.88. The stock has a market cap of $79.56 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. CRH’s dividend payout ratio (DPR) is 23.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America assumed coverage on CRH in a research report on Friday, September 26th. They set a “buy” rating and a $128.00 target price for the company. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a report on Friday, August 1st. UBS Group set a $152.00 target price on shares of CRH in a report on Wednesday, October 1st. DA Davidson reissued a “neutral” rating and issued a $105.00 price target (down previously from $120.00) on shares of CRH in a report on Thursday, July 10th. Finally, Truist Financial raised their price objective on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, CRH has an average rating of “Buy” and an average target price of $124.31.

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.