Hexagon Capital Partners LLC Decreases Stock Holdings in CRH plc (NYSE:CRH)

Hexagon Capital Partners LLC lowered its stake in shares of CRH plc (NYSE:CRH) by 18.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 976 shares of the construction company’s stock after selling 220 shares during the period. Hexagon Capital Partners LLC’s holdings in CRH were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new stake in CRH during the first quarter worth about $2,391,000. Cannon Global Investment Management LLC lifted its holdings in shares of CRH by 50.8% in the first quarter. Cannon Global Investment Management LLC now owns 9,800 shares of the construction company’s stock valued at $845,000 after purchasing an additional 3,300 shares in the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of CRH by 29.3% in the first quarter. Kathmere Capital Management LLC now owns 13,168 shares of the construction company’s stock valued at $1,136,000 after purchasing an additional 2,985 shares in the last quarter. Asio Capital LLC lifted its holdings in shares of CRH by 0.4% in the first quarter. Asio Capital LLC now owns 54,246 shares of the construction company’s stock valued at $4,679,000 after purchasing an additional 231 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in shares of CRH by 12.4% in the first quarter. Artemis Investment Management LLP now owns 1,101,225 shares of the construction company’s stock valued at $94,941,000 after purchasing an additional 121,528 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 2.7 %

Shares of NYSE:CRH traded down $2.00 on Monday, reaching $72.98. 5,193,307 shares of the company’s stock were exchanged, compared to its average volume of 5,491,594. The business’s 50-day moving average is $78.99 and its two-hundred day moving average is $77.24. CRH plc has a fifty-two week low of $51.59 and a fifty-two week high of $88.00.

CRH (NYSE:CRH) last released its earnings results on Friday, May 10th. The construction company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.60 billion. Equities analysts anticipate that CRH plc will post 5.35 EPS for the current year.

CRH Increases Dividend

The firm also recently disclosed a Variable dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, May 24th were given a dividend of $0.35 per share. This is a positive change from CRH’s previous Variable dividend of $0.23. The ex-dividend date was Thursday, May 23rd. This represents a dividend yield of 1.7%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank of Canada assumed coverage on shares of CRH in a report on Tuesday, May 14th. They issued an “outperform” rating and a $110.00 price target on the stock. Citigroup boosted their price objective on shares of CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Stephens initiated coverage on shares of CRH in a research report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 price target for the company. Truist Financial upped their price target on shares of CRH from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Vertical Research initiated coverage on shares of CRH in a research report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.11.

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.