Wolf Hill Capital Management LP Lowers Holdings in CRH plc (NYSE:CRH)

Wolf Hill Capital Management LP lessened its position in shares of CRH plc (NYSE:CRH) by 69.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 532,174 shares of the construction company’s stock after selling 1,205,885 shares during the quarter. CRH accounts for approximately 4.0% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 9th largest holding. Wolf Hill Capital Management LP’s holdings in CRH were worth $39,902,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its holdings in CRH by 17.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock valued at $79,000 after buying an additional 133 shares during the period. Janiczek Wealth Management LLC increased its stake in CRH by 3.4% in the first quarter. Janiczek Wealth Management LLC now owns 4,908 shares of the construction company’s stock valued at $423,000 after acquiring an additional 160 shares during the period. NBC Securities Inc. raised its position in CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after purchasing an additional 173 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in CRH by 30.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock worth $54,000 after purchasing an additional 183 shares during the period. Finally, Gallacher Capital Management LLC lifted its stake in CRH by 3.2% during the second quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company’s stock worth $450,000 after purchasing an additional 188 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson upped their price objective on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Truist Financial lifted their price objective on CRH from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 9th. Stephens started coverage on shares of CRH in a report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 target price on the stock. Finally, Morgan Stanley raised shares of CRH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $87.00 to $88.00 in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Trading Up 0.1 %

Shares of NYSE CRH opened at $92.85 on Friday. CRH plc has a 1-year low of $51.59 and a 1-year high of $93.07. The company has a 50-day moving average of $84.66 and a two-hundred day moving average of $81.79. The company has a market cap of $63.76 billion, a PE ratio of 15.50, a P/E/G ratio of 1.38 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 the consensus estimate of $1.85. The company had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. As a group, equities research analysts forecast that CRH plc will post 5.45 earnings per share for the current year.

CRH Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, August 23rd will be issued a $0.35 dividend. This represents a yield of 1.7%. The ex-dividend date is Friday, August 23rd. CRH’s dividend payout ratio is 29.72%.

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.