Wolverine Asset Management LLC Has $1.76 Million Stock Holdings in CRH plc (NYSE:CRH)

Wolverine Asset Management LLC reduced its stake in shares of CRH plc (NYSE:CRH) by 60.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,000 shares of the construction company’s stock after selling 29,000 shares during the period. Wolverine Asset Management LLC’s holdings in CRH were worth $1,762,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. grew its stake in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH during the 3rd quarter valued at about $25,000. UMB Bank n.a. grew its stake in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Rothschild Investment LLC acquired a new position in CRH in the second quarter worth approximately $43,000. Finally, Quarry LP bought a new position in CRH during the second quarter valued at approximately $49,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on CRH shares. DA Davidson boosted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Monday. Truist Financial increased their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday. Finally, HSBC began coverage on CRH in a report on Monday. They issued a “buy” rating and a $116.00 target price for the company. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CRH has an average rating of “Moderate Buy” and an average price target of $105.55.

CRH Stock Up 1.6 %

CRH opened at $102.31 on Tuesday. The stock’s 50 day moving average price is $91.44 and its two-hundred day moving average price is $84.19. The firm has a market capitalization of $69.84 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. CRH plc has a 12-month low of $58.57 and a 12-month high of $102.51.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be given a dividend of $0.262 per share. This represents a yield of 1.4%. The ex-dividend date is Friday, November 22nd. CRH’s dividend payout ratio (DPR) is currently 37.20%.

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.