Candelo Capital Management LP Purchases Shares of 130,667 CRH plc (NYSE:CRH)

Candelo Capital Management LP acquired a new position in CRH plc (NYSE:CRHFree Report) during the 4th quarter, Holdings Channel reports. The firm acquired 130,667 shares of the construction company’s stock, valued at approximately $9,037,000. CRH accounts for 7.1% of Candelo Capital Management LP’s holdings, making the stock its 2nd largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRH. Janiczek Wealth Management LLC raised its stake in shares of CRH by 3.4% in 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 during the period. EverSource Wealth Advisors LLC raised its stake in CRH by 30.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock worth $54,000 after acquiring an additional 183 shares during the period. Allworth Financial LP lifted its holdings in CRH by 25.6% during the fourth quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock valued at $67,000 after purchasing an additional 199 shares in the last quarter. Clearstead Advisors LLC increased its stake in shares of CRH by 14.3% in 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 in the last quarter. Finally, Orion Capital Management LLC increased its stake in shares of 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. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRH. StockNews.com lowered CRH from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Citigroup lifted their target price on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Truist Financial upped their price target on CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Jefferies Financial Group boosted their target price on shares of CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Vertical Research began coverage on shares of CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 target price 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.28.

View Our Latest Analysis on CRH

CRH Trading Down 0.9 %

CRH traded down $0.75 during trading hours on Tuesday, hitting $81.10. The company’s stock had a trading volume of 3,647,279 shares, compared to its average volume of 3,605,612. The business’s 50-day moving average price is $82.41 and its 200-day moving average price is $73.85. CRH plc has a 12 month low of $47.14 and a 12 month high of $88.00.

CRH (NYSE:CRHGet Free Report) last posted its earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates 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. Sell-side analysts expect that CRH plc will post 5.36 earnings per share for the current fiscal year.

CRH Increases Dividend

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

CRH Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CRH plc (NYSE:CRHFree Report).

Institutional Ownership by Quarter for CRH (NYSE:CRH)

Receive News & Ratings for CRH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH and related companies with MarketBeat.com's FREE daily email newsletter.