WINTON GROUP Ltd Has $1.38 Million Stake in CRH plc (NYSE:CRH)

WINTON GROUP Ltd boosted its position in CRH plc (NYSE:CRH) by 20.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,382 shares of the construction company’s stock after purchasing an additional 3,141 shares during the period. WINTON GROUP Ltd’s holdings in CRH were worth $1,378,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in CRH in the 4th quarter valued at approximately $858,000. First Eagle Investment Management LLC raised its stake in shares of CRH by 30.3% during the fourth quarter. First Eagle Investment Management LLC now owns 2,066 shares of the construction company’s stock valued at $142,000 after acquiring an additional 481 shares during the last quarter. Independent Advisor Alliance acquired a new position in shares of CRH during the fourth quarter worth $229,000. Brown Advisory Inc. grew its stake in shares of CRH by 9.4% in the fourth quarter. Brown Advisory Inc. now owns 164,110 shares of the construction company’s stock worth $11,350,000 after purchasing an additional 14,166 shares during the last quarter. Finally, Norges Bank acquired a new stake in CRH in the fourth quarter valued at $1,014,454,000. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CRH. Stephens started coverage on CRH in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price target on the stock. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Citigroup lowered 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. Truist Financial increased their price objective on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Morgan Stanley upgraded shares of CRH from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $87.00 to $88.00 in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and a consensus target price of $95.70.

CRH Stock Up 1.0 %

Shares of NYSE:CRH opened at $87.49 on Monday. The stock’s 50 day moving average is $83.30 and its 200-day moving average is $81.51. CRH plc has a twelve month low of $51.59 and a twelve month high of $91.02.

CRH (NYSE:CRH) last posted its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. The business had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $10.16 billion. Equities analysts anticipate that CRH plc will post 5.45 EPS for the current fiscal year.

CRH Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd will be issued a $0.35 dividend. The ex-dividend date is Friday, August 23rd. This represents a dividend yield of 1.7%.

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.