Gallacher Capital Management LLC Sells 500 Shares of CRH plc (NYSE:CRH)

Gallacher Capital Management LLC trimmed its stake in CRH plc (NYSE:CRH) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,578 shares of the construction company’s stock after selling 500 shares during the quarter. Gallacher Capital Management LLC’s holdings in CRH were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. National Bank of Canada FI boosted its stake in CRH by 15.1% in the 4th quarter. National Bank of Canada FI now owns 71,141 shares of the construction company’s stock worth $4,871,000 after purchasing an additional 9,342 shares in the last quarter. Merit Financial Group LLC purchased a new position in CRH in the fourth quarter worth about $457,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of CRH in the fourth quarter worth approximately $118,000. First Trust Direct Indexing L.P. grew its holdings in shares of CRH by 16.5% during the fourth quarter. First Trust Direct Indexing L.P. now owns 17,297 shares of the construction company’s stock valued at $1,196,000 after buying an additional 2,445 shares during the last quarter. Finally, Summit Financial LLC bought a new stake in shares of CRH during the fourth quarter valued at approximately $1,235,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CRH shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $82.00 price objective (up from $80.00) on shares of CRH in a research report on Monday, April 15th. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Vertical Research began coverage on shares of CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 target price on the stock. Truist Financial lifted their price target on shares of CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, DA Davidson assumed coverage on shares of CRH in a report on Friday, January 19th. They set a “buy” rating and a $82.00 price objective for the company. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.31.

CRH Stock Performance

Shares of CRH traded up $0.89 on Friday, reaching $80.44. The company’s stock had a trading volume of 2,535,534 shares, compared to its average volume of 3,015,089. The stock’s 50 day simple moving average is $82.30 and its two-hundred day simple moving average is $71.69. CRH plc has a 12-month low of $47.14 and a 12-month high of $88.00.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, February 29th. The construction company reported $1.29 earnings per share for the quarter. The business had revenue of $8.69 billion for the quarter. On average, equities research analysts predict that CRH plc will post 5.36 EPS for the current year.

CRH Announces Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 15th were issued a dividend of $0.262 per share. This represents a yield of 2%. The ex-dividend date was Thursday, March 14th.

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.