Verdence Capital Advisors LLC Boosts Stock Holdings in CRH plc (NYSE:CRH)

Verdence Capital Advisors LLC increased its position in shares of CRH plc (NYSE:CRH) by 12.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,457 shares of the construction company’s stock after buying an additional 1,172 shares during the period. Verdence Capital Advisors LLC’s holdings in CRH were worth $970,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its stake in shares of CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after acquiring an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH during the 3rd quarter worth approximately $25,000. UMB Bank n.a. lifted its position in shares of CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Rothschild Investment LLC acquired a new stake in CRH in the 2nd quarter valued at $43,000. Finally, Quarry LP purchased a new stake in CRH in the 2nd quarter worth $49,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 0.0 %

Shares of CRH opened at $100.67 on Monday. CRH plc has a 52-week low of $58.12 and a 52-week high of $102.45. The stock has a fifty day simple moving average of $91.44 and a two-hundred day simple moving average of $84.15.

CRH (NYSE:CRH) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $10.16 billion. As a group, research analysts predict that CRH plc will post 5.41 EPS for the current fiscal year.

CRH Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be paid a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 22nd.

Wall Street Analysts Forecast Growth

CRH has been the topic of several research analyst reports. DA Davidson lifted their target price 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. Barclays started coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Finally, StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $101.90.

CRH 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.