Sivia Capital Partners LLC Purchases New Holdings in CRH plc (NYSE:CRH)

Sivia Capital Partners LLC purchased a new stake in CRH plc (NYSE:CRH) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,439 shares of the construction company’s stock, valued at approximately $210,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. acquired a new position in CRH during the third quarter valued at approximately $1,484,901,000. Norges Bank acquired a new position in shares of CRH during the fourth quarter worth $1,014,454,000. Greenhaven Associates Inc. increased its holdings in shares of CRH by 0.9% during the fourth quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock worth $770,576,000 after buying an additional 103,510 shares in the last quarter. Boston Partners increased its holdings in shares of CRH by 13.1% during the fourth quarter. Boston Partners now owns 8,106,296 shares of the construction company’s stock worth $560,933,000 after buying an additional 937,804 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of CRH during the third quarter worth $416,982,000. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

NYSE CRH traded up $0.47 during trading hours on Wednesday, hitting $72.52. The company’s stock had a trading volume of 2,033,186 shares, compared to its average volume of 5,475,472. CRH plc has a 52 week low of $51.59 and a 52 week high of $88.00. The company’s 50-day simple moving average is $78.76 and its two-hundred day simple moving average is $77.31.

CRH (NYSE:CRH) last announced its quarterly earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.60 billion. As a group, research analysts anticipate that CRH plc will post 5.35 earnings per share for the current fiscal year.

CRH Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CRH shares. StockNews.com downgraded CRH from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Citigroup increased their price objective on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a report on Friday, April 5th. Vertical Research started coverage on shares of CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 price target on the stock. 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. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $82.00 price target (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.11.

CRH Company 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.