Susquehanna Fundamental Investments LLC Makes New $28.51 Million Investment in CRH plc (NYSE:CRH)

Susquehanna Fundamental Investments LLC purchased a new position in CRH plc (NYSE:CRH) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 380,268 shares of the construction company’s stock, valued at approximately $28,512,000. CRH comprises about 0.7% of Susquehanna Fundamental Investments LLC’s holdings, making the stock its 29th largest holding. Susquehanna Fundamental Investments LLC owned approximately 0.06% of CRH as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV lifted its position in shares of CRH by 17.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock worth $79,000 after purchasing an additional 133 shares during the last quarter. Janiczek Wealth Management LLC lifted its position in shares of CRH by 3.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 4,908 shares of the construction company’s stock worth $423,000 after purchasing an additional 160 shares during the last quarter. NBC Securities Inc. lifted its position in shares of CRH by 71.5% during the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after purchasing an additional 173 shares during the last quarter. Gallacher Capital Management LLC lifted its position in shares of CRH by 3.2% during the 2nd quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company’s stock worth $450,000 after purchasing an additional 188 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of CRH by 0.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 26,605 shares of the construction company’s stock worth $1,840,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

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

CRH Trading Down 0.8 %

CRH stock opened at $92.53 on Friday. CRH plc has a 1-year low of $51.59 and a 1-year high of $94.14. The business’s 50 day moving average is $85.58 and its 200-day moving average is $82.07.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. The company had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. On average, analysts forecast that CRH plc will post 5.44 earnings per share for the current year.

CRH Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a dividend yield of 1.7%.

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.