Gallacher Capital Management LLC Lowers Position in CRH plc (NYSE:CRH)

Gallacher Capital Management LLC decreased its holdings in shares of CRH plc (NYSE:CRH) by 7.1% during the fourth quarter, HoldingsChannel reports. The firm owned 6,578 shares of the construction company’s stock after selling 500 shares during the period. Gallacher Capital Management LLC’s holdings in CRH were worth $455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CRH. Janiczek Wealth Management LLC boosted its position in shares of CRH by 3.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company’s stock worth $329,000 after purchasing an additional 155 shares in the last quarter. Allworth Financial LP raised its stake in shares of CRH by 25.6% in the fourth quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock worth $67,000 after purchasing an additional 199 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in shares of CRH by 14.3% during the third quarter. Clearstead Advisors LLC now owns 1,600 shares of the construction company’s stock worth $88,000 after purchasing an additional 200 shares during the period. Orion Capital Management LLC raised its position in CRH by 100.0% during the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in CRH by 2.1% during the 3rd quarter. Gradient Investments LLC now owns 9,763 shares of the construction company’s stock valued at $534,000 after acquiring an additional 201 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of CRH stock traded up $0.89 during mid-day trading on Friday, reaching $80.44. 2,535,534 shares of the stock traded hands, compared to its average volume of 3,015,089. The business has a 50-day moving average of $82.30 and a 200 day moving average of $71.69. CRH plc has a fifty-two week low of $47.14 and a fifty-two week high of $88.00.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, February 29th. The construction company reported $1.29 EPS for the quarter. The firm had revenue of $8.69 billion for the quarter. As a group, analysts predict that CRH plc will post 5.36 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th were given a $0.262 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 2%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of recent research reports. Truist Financial lifted their price objective on CRH from $81.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. DA Davidson initiated coverage on CRH in a research report on Friday, January 19th. They set a “buy” rating and a $82.00 price target for the company. Vertical Research began coverage on CRH in a research report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price objective on the stock. Jefferies Financial Group lifted their target price on shares of CRH from $89.70 to $100.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, 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. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.31.

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.