Mount Yale Investment Advisors LLC Has $835,000 Holdings in CRH plc (NYSE:CRH)

Mount Yale Investment Advisors LLC boosted its stake in CRH plc (NYSE:CRH) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,001 shares of the construction company’s stock after purchasing an additional 326 shares during the period. Mount Yale Investment Advisors LLC’s holdings in CRH were worth $835,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRH. Tectonic Advisors LLC raised its position in shares of CRH by 14.0% during the third quarter. Tectonic Advisors LLC now owns 89,852 shares of the construction company’s stock worth $8,333,000 after acquiring an additional 11,009 shares during the last quarter. Dakota Wealth Management raised its holdings in CRH by 13.5% during the 3rd quarter. Dakota Wealth Management now owns 3,194 shares of the construction company’s stock worth $296,000 after purchasing an additional 379 shares during the last quarter. CENTRAL TRUST Co lifted its position in shares of CRH by 65.1% in the 3rd quarter. CENTRAL TRUST Co now owns 22,003 shares of the construction company’s stock worth $2,041,000 after purchasing an additional 8,672 shares during the period. International Assets Investment Management LLC bought a new stake in shares of CRH in the 3rd quarter valued at $7,895,000. Finally, TFG Advisers LLC acquired a new stake in shares of CRH during the third quarter worth $290,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Up 0.9 %

CRH stock opened at $92.39 on Friday. The firm has a market capitalization of $63.44 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.30 and a beta of 1.30. The firm’s fifty day moving average price is $89.52 and its two-hundred day moving average price is $82.91. CRH plc has a 1-year low of $51.59 and a 1-year high of $94.14.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. On average, research analysts forecast that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on CRH shares. Truist Financial upped their price target 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. DA Davidson lifted their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Citigroup cut their price target on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Finally, StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.70.

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.