2,500 Shares in CRH plc (NYSE:CRH) Purchased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. bought a new position in CRH plc (NYSE:CRH) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,500 shares of the construction company’s stock, valued at approximately $216,000.

A number of other institutional investors have also bought and sold shares of CRH. SG Americas Securities LLC purchased a new position in CRH in the 4th quarter worth approximately $258,000. Pacer Advisors Inc. raised its position in shares of CRH by 4.2% during the 4th quarter. Pacer Advisors Inc. now owns 6,822 shares of the construction company’s stock valued at $472,000 after buying an additional 278 shares during the period. Global Retirement Partners LLC raised its position in shares of CRH by 31.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,816 shares of the construction company’s stock valued at $122,000 after buying an additional 432 shares during the period. Caprock Group LLC raised its position in shares of CRH by 3.9% during the 4th quarter. Caprock Group LLC now owns 6,679 shares of the construction company’s stock valued at $469,000 after buying an additional 248 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of CRH by 10.6% during the 4th quarter. Fifth Third Bancorp now owns 61,653 shares of the construction company’s stock valued at $4,264,000 after buying an additional 5,897 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of CRH stock traded up $1.64 on Wednesday, reaching $85.70. 4,396,715 shares of the stock were exchanged, compared to its average volume of 5,356,631. The business’s 50 day moving average price is $78.15 and its 200 day moving average price is $78.84. CRH plc has a twelve month low of $51.59 and a twelve month high of $88.00.

CRH (NYSE:CRH) last issued its earnings results on Friday, May 10th. The construction company reported ($0.02) EPS 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 analyst estimates of $6.60 billion. Sell-side analysts predict that CRH plc will post 5.39 earnings per share for the current fiscal year.

CRH Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CRH shares. Stephens started coverage on shares of CRH in a research report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price target on the stock. Citigroup reduced their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Royal Bank of Canada started coverage on shares of CRH in a research report on Tuesday, May 14th. They set an “outperform” rating and a $110.00 price target on the stock. Truist Financial boosted their target price on CRH from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Morgan Stanley raised CRH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $87.00 to $88.00 in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $91.90.

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.