Wolverine Asset Management LLC Has $3.46 Million Stake in CRH plc (NYSE:CRH)

Wolverine Asset Management LLC raised its holdings in CRH plc (NYSE:CRH) by 51.5% in the fourth quarter, Holdings Channel reports. The fund owned 50,000 shares of the construction company’s stock after acquiring an additional 17,000 shares during the period. Wolverine Asset Management LLC’s holdings in CRH were worth $3,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in CRH in the fourth quarter valued at about $37,000. Stockman Wealth Management Inc. boosted its position in shares of CRH by 2.4% during the fourth quarter. Stockman Wealth Management Inc. now owns 132,152 shares of the construction company’s stock worth $9,140,000 after buying an additional 3,080 shares during the period. PDS Planning Inc acquired a new position in shares of CRH during the fourth quarter worth about $244,000. OLD National Bancorp IN boosted its position in shares of CRH by 1.8% during the fourth quarter. OLD National Bancorp IN now owns 16,985 shares of the construction company’s stock worth $1,175,000 after buying an additional 295 shares during the period. Finally, CWM LLC boosted its position in shares of CRH by 18.1% during the fourth quarter. CWM LLC now owns 1,498 shares of the construction company’s stock worth $104,000 after buying an additional 230 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CRH. StockNews.com raised CRH from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Jefferies Financial Group upped their price objective on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Vertical Research assumed coverage on CRH in a research report on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective for the company. Truist Financial raised their price target on CRH from $81.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, DA Davidson assumed coverage on CRH in a research note on Friday, January 19th. They issued a “buy” rating and a $82.00 price target for the company. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.31.

CRH Stock Performance

Shares of CRH traded down $1.44 during mid-day trading on Wednesday, reaching $77.35. The company’s stock had a trading volume of 1,940,250 shares, compared to its average volume of 3,604,416. CRH plc has a 1-year low of $47.14 and a 1-year high of $88.00. The business has a 50-day simple moving average of $82.14 and a two-hundred day simple moving average of $70.53.

CRH Dividend Announcement

The firm also recently disclosed a Variable dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th were given a $0.262 dividend. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 2%.

About CRH

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.