CRH plc (NYSE:CRH) Stock Holdings Lowered by Hiddenite Capital Partners LP

Hiddenite Capital Partners LP cut its holdings in CRH plc (NYSE:CRHFree Report) by 59.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,500 shares of the construction company’s stock after selling 106,500 shares during the quarter. CRH makes up approximately 3.0% of Hiddenite Capital Partners LP’s holdings, making the stock its 10th largest holding. Hiddenite Capital Partners LP’s holdings in CRH were worth $5,083,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Orion Capital Management LLC raised its stake in shares of CRH by 100.0% in the fourth quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in CRH in the 4th quarter worth about $30,000. UMB Bank n.a. purchased a new stake in CRH during the fourth quarter worth $33,000. WASHINGTON TRUST Co purchased a new stake in shares of CRH during the 4th quarter valued at $35,000. Finally, Chilton Capital Management LLC purchased a new position in shares of CRH in the fourth quarter worth $35,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 3.4 %

NYSE CRH traded down $2.69 during mid-day trading on Friday, reaching $76.52. 7,896,950 shares of the stock were exchanged, compared to its average volume of 4,656,026. CRH plc has a 1-year low of $51.16 and a 1-year high of $88.00. The business’s fifty day simple moving average is $80.10 and its 200 day simple moving average is $76.25.

CRH (NYSE:CRHGet Free Report) last released its earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.60 billion. As a group, sell-side analysts anticipate that CRH plc will post 5.36 earnings per share for the current year.

CRH Increases Dividend

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, May 24th will be paid a $0.35 dividend. This is a positive change from CRH’s previous Variable dividend of $0.23. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 23rd.

Analysts Set New Price Targets

CRH has been the subject of several analyst reports. Stifel Nicolaus reissued a “hold” rating and set a $82.00 price target (up from $80.00) on shares of CRH in a report on Monday, April 15th. Jefferies Financial Group boosted their target price on shares of CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Citigroup raised their price target on shares of CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Truist Financial raised 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, Vertical Research assumed coverage on CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 price target for the company. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.28.

Read Our Latest Stock Analysis on CRH

CRH Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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