CRH plc (NYSE:CRH) Shares Sold by Seven Eight Capital LP

Seven Eight Capital LP decreased its position in shares of CRH plc (NYSE:CRH) by 64.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,077 shares of the construction company’s stock after selling 14,435 shares during the quarter. Seven Eight Capital LP’s holdings in CRH were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its holdings in CRH by 17.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 103,098 shares of the construction company’s stock valued at $8,893,000 after buying an additional 15,283 shares during the period. United American Securities Inc. d b a UAS Asset Management purchased a new stake in CRH in the 1st quarter valued at about $3,196,000. Blue Barn Wealth LLC purchased a new stake in CRH in the 1st quarter valued at about $206,000. Acadian Asset Management LLC raised its holdings in CRH by 1,095.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,275,591 shares of the construction company’s stock valued at $282,512,000 after buying an additional 3,001,488 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in CRH by 2.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 163,733 shares of the construction company’s stock valued at $14,115,000 after buying an additional 3,220 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 0.4 %

Shares of CRH stock traded up $0.30 during trading hours on Tuesday, reaching $82.25. 3,539,030 shares of the stock were exchanged, compared to its average volume of 5,413,256. The business’s fifty day moving average is $78.27 and its two-hundred day moving average is $78.29. CRH plc has a 12-month low of $51.59 and a 12-month high of $88.00.

CRH (NYSE:CRH) last released its earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.60 billion. On average, equities research analysts anticipate that CRH plc will post 5.39 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently declared a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, May 24th were issued a $0.35 dividend. This represents a yield of 1.7%. This is an increase from CRH’s previous Variable dividend of $0.23. The ex-dividend date of this dividend was Thursday, May 23rd.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRH. Royal Bank of Canada began coverage on shares of CRH in a report on Tuesday, May 14th. They issued an “outperform” rating and a $110.00 price objective on the stock. Truist Financial boosted their price target on shares of CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Citigroup cut their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Stifel Nicolaus reiterated a “hold” rating and set a $82.00 price target (up from $80.00) on shares of CRH in a research note on Monday, April 15th. Finally, StockNews.com lowered shares of CRH from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

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.