Nisa Investment Advisors LLC Purchases 45,516 Shares of CRH plc (NYSE:CRH)

Nisa Investment Advisors LLC raised its position in shares of CRH plc (NYSE:CRH) by 187.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 69,839 shares of the construction company’s stock after purchasing an additional 45,516 shares during the period. Nisa Investment Advisors LLC’s holdings in CRH were worth $6,477,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Nordea Investment Management AB purchased a new stake in CRH in the first quarter worth about $71,172,000. Janney Montgomery Scott LLC increased its position in CRH by 211.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company’s stock valued at $3,337,000 after buying an additional 26,276 shares in the last quarter. Norden Group LLC bought a new position in CRH during the 1st quarter valued at approximately $4,041,000. Cetera Advisors LLC purchased a new position in CRH during the first quarter valued at $1,277,000. Finally, SG Americas Securities LLC grew its stake in shares of CRH by 510.9% in the first quarter. SG Americas Securities LLC now owns 22,751 shares of the construction company’s stock worth $1,963,000 after acquiring an additional 19,027 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $95.45 on Friday. CRH plc has a one year low of $53.42 and a one year high of $96.82. The stock has a fifty day moving average of $90.38 and a 200 day moving average of $83.28. The stock has a market cap of $65.16 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.30 and a beta of 1.30.

CRH (NYSE:CRH) last announced its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, meeting analysts’ consensus estimates 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, sell-side analysts predict that CRH plc will post 5.44 EPS for the current fiscal year.

CRH Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CRH. Barclays began coverage on CRH in a research report on Tuesday. They issued an “overweight” rating and a $110.00 price target for the company. Truist Financial lifted their target price on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Citigroup decreased their price objective on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. DA Davidson increased their target price on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Morgan Stanley upgraded 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 note on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, CRH has an average rating of “Moderate Buy” and an average target price 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.