HighVista Strategies LLC Has $757,000 Stock Position in CRH plc (NYSE:CRH)

HighVista Strategies LLC lessened its holdings in shares of CRH plc (NYSE:CRH) by 9.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,100 shares of the construction company’s stock after selling 1,100 shares during the quarter. HighVista Strategies LLC’s holdings in CRH were worth $757,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Putnam Investments LLC lifted its position in CRH by 3,384.4% in the 4th quarter. Putnam Investments LLC now owns 6,781,697 shares of the construction company’s stock worth $469,022,000 after buying an additional 6,587,066 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of CRH by 35,497.5% during the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock worth $438,455,000 after acquiring an additional 5,068,682 shares in the last quarter. TD Asset Management Inc boosted its position in CRH by 2,199.7% during the first quarter. TD Asset Management Inc now owns 3,342,432 shares of the construction company’s stock valued at $288,383,000 after purchasing an additional 3,197,092 shares during the last quarter. Acadian Asset Management LLC grew its stake in CRH by 1,095.0% in the first quarter. Acadian Asset Management LLC now owns 3,275,591 shares of the construction company’s stock valued at $282,512,000 after purchasing an additional 3,001,488 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in CRH by 2,426.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,826,501 shares of the construction company’s stock worth $195,481,000 after purchasing an additional 2,714,634 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 0.2 %

CRH opened at $92.89 on Monday. The stock has a market cap of $63.79 billion, a PE ratio of 15.51, a P/E/G ratio of 1.38 and a beta of 1.30. CRH plc has a 1 year low of $51.59 and a 1 year high of $93.07. The stock’s 50 day simple moving average is $84.66 and its 200-day simple moving average is $81.78.

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

CRH Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, September 25th. Investors 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’s dividend payout ratio is 29.72%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Citigroup reduced their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Stephens initiated coverage on CRH in a research note on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price target for the company. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $87.00 to $88.00 in a report on Tuesday, July 9th. Finally, Truist Financial boosted their price objective on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.70.

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.