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

Wolverine Asset Management LLC trimmed its holdings in CRH plc (NYSE:CRH - Free Report) by 60.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other institutional investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH in the third quarter valued at $25,000. UMB Bank n.a. boosted its stake in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after purchasing an additional 125 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock worth $25,000 after acquiring an additional 259 shares during the period. Rothschild Investment LLC bought a new position in shares of CRH during the 2nd quarter worth approximately $43,000. Finally, Covestor Ltd acquired a new stake in shares of CRH in the 3rd quarter valued at $58,000. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

NYSE:CRH traded down $2.13 during mid-day trading on Tuesday, reaching $100.15. 3,739,388 shares of the company's stock traded hands, compared to its average volume of 4,900,001. The firm has a market capitalization of $68.37 billion, a price-to-earnings ratio of 20.46, a PEG 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. The company has a 50 day moving average price of $91.68 and a 200-day moving average price of $84.37.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be issued a $0.262 dividend. The ex-dividend date is Friday, November 22nd. This represents a yield of 1.4%. CRH's payout ratio is 37.20%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Monday. HSBC initiated coverage on shares of CRH in a report on Monday. They issued a "buy" rating and a $116.00 price target on the stock. Morgan Stanley increased their target price on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target for the company. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.55.

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.