Twin Tree Management LP Invests $1.10 Million in CRH plc (NYSE:CRH)

Twin Tree Management LP purchased a new position in CRH plc (NYSE:CRH) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,762 shares of the construction company’s stock, valued at approximately $1,101,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Financial Corp IN acquired a new position in CRH during the 1st quarter worth $26,000. Orion Capital Management LLC grew its stake in 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 in the last quarter. Pinnacle Bancorp Inc. bought a new stake in CRH in the fourth quarter valued at about $30,000. UMB Bank n.a. acquired a new stake in CRH during the fourth quarter valued at approximately $33,000. Finally, WASHINGTON TRUST Co bought a new position in CRH during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stephens started coverage on CRH in a report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price target for the company. Truist Financial increased their target price on shares of CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Citigroup decreased their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $82.00 price objective (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. Finally, StockNews.com cut shares of CRH from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

CRH Price Performance

Shares of NYSE:CRH opened at $79.87 on Friday. CRH plc has a 12 month low of $51.59 and a 12 month high of $88.00. The stock’s 50 day moving average price is $78.27 and its 200 day moving average price is $78.09.

CRH (NYSE:CRH) last posted its quarterly earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.60 billion. Research analysts forecast that CRH plc will post 5.39 EPS for the current fiscal year.

CRH Increases Dividend

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

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.