Sivia Capital Partners LLC Takes Position in CRH plc (NYSE:CRH)

Sivia Capital Partners LLC acquired a new stake in CRH plc (NYSE:CRH) during the 1st quarter, Holdings Channel.com reports. The fund acquired 2,439 shares of the construction company’s stock, valued at approximately $210,000.

Several other large investors have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV boosted its holdings in shares of 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 acquiring an additional 133 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in CRH by 3.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company’s stock worth $329,000 after buying an additional 155 shares in the last quarter. NBC Securities Inc. boosted its holdings in CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after buying an additional 173 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings 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 buying an additional 183 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in CRH by 25.6% during the fourth quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock worth $67,000 after buying an additional 199 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CRH shares. Royal Bank of Canada started coverage on shares of CRH in a report on Tuesday, May 14th. They set an “outperform” rating and a $110.00 price target on the stock. Citigroup increased their price target on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Stephens started coverage on shares of CRH in a report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price target on the stock. Truist Financial increased their price target on shares of CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Vertical Research assumed coverage on shares of CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and an average price target of $93.11.

CRH Price Performance

Shares of NYSE CRH traded up $0.47 during mid-day trading on Wednesday, reaching $72.52. The company’s stock had a trading volume of 2,033,186 shares, compared to its average volume of 5,475,472. The stock has a 50-day moving average of $78.76 and a two-hundred day moving average of $77.31. CRH plc has a 1-year low of $51.59 and a 1-year 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, beating analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.60 billion. On average, equities analysts predict that CRH plc will post 5.35 earnings per share for the current fiscal year.

CRH Increases Dividend

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

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.