Sequoia Financial Advisors LLC Buys 2,010 Shares of CRH plc (NYSE:CRH)

Sequoia Financial Advisors LLC grew its stake in CRH plc (NYSE:CRH) by 26.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,645 shares of the construction company’s stock after purchasing an additional 2,010 shares during the period. Sequoia Financial Advisors LLC’s holdings in CRH were worth $894,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Grove Bank & Trust lifted its stake in shares of CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after purchasing an additional 123 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after buying an additional 125 shares during the period. CVA Family Office LLC raised its holdings in shares of CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after buying an additional 128 shares during the period. Gallacher Capital Management LLC raised its holdings in shares of CRH by 3.2% in the second quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company’s stock worth $450,000 after buying an additional 188 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in shares of CRH by 2.7% in the third quarter. V Square Quantitative Management LLC now owns 7,875 shares of the construction company’s stock worth $730,000 after buying an additional 204 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Trading Up 0.9 %

Shares of NYSE:CRH opened at $92.39 on Friday. CRH plc has a 12-month low of $51.59 and a 12-month high of $94.14. The business’s fifty day simple moving average is $89.52 and its 200-day simple moving average is $82.91. The company has a market capitalization of $63.44 billion, a PE ratio of 15.37, a P/E/G ratio of 1.30 and a beta of 1.30.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, hitting 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. Research analysts predict that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd were given a $0.35 dividend. The ex-dividend date was Friday, August 23rd. This represents a dividend yield of 1.7%. CRH’s payout ratio is 26.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRH. Citigroup reduced 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. DA Davidson raised their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $87.00 to $88.00 in a report on Tuesday, July 9th. Finally, Truist Financial raised their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.70.

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.