Mediolanum International Funds Ltd Acquires 45,664 Shares of CRH plc (NYSE:CRH)

Mediolanum International Funds Ltd increased its holdings in CRH plc (NYSE:CRH) by 11.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,891 shares of the construction company’s stock after purchasing an additional 45,664 shares during the period. Mediolanum International Funds Ltd owned approximately 0.07% of CRH worth $41,364,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its holdings in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares in the last quarter. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 125 shares in the last quarter. Rothschild Investment LLC bought a new stake in CRH in the second quarter worth $43,000. Quarry LP bought a new stake in CRH in the second quarter worth $49,000. Finally, Blue Trust Inc. boosted its holdings in CRH by 341.7% during the second quarter. Blue Trust Inc. now owns 848 shares of the construction company’s stock valued at $64,000 after acquiring an additional 656 shares during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Up 1.4 %

NYSE:CRH traded up $1.27 during mid-day trading on Friday, hitting $92.87. The company’s stock had a trading volume of 459,148 shares, compared to its average volume of 4,904,667. CRH plc has a fifty-two week low of $51.59 and a fifty-two week high of $94.14. The company has a market capitalization of $63.77 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 1.30 and a beta of 1.30. The stock has a fifty day moving average of $89.40 and a 200-day moving average of $82.85.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. The business had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. On average, equities analysts anticipate that CRH plc will post 5.44 earnings per share for the current fiscal year.

CRH Cuts Dividend

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

Wall Street Analyst Weigh In

CRH has been the subject of a number of recent analyst reports. Citigroup decreased their price target 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 upped their price target on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $87.00 to $88.00 in a report on Tuesday, July 9th. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, 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 report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, CRH has an average rating of “Moderate Buy” and a consensus 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.