Wolverine Asset Management LLC Sells 27,000 Shares of CRH plc (NYSE:CRH)

Wolverine Asset Management LLC lessened its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 36.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,000 shares of the construction company's stock after selling 27,000 shares during the quarter. Wolverine Asset Management LLC's holdings in CRH were worth $3,599,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CRH. First Financial Corp IN acquired a new position in CRH in the 1st quarter worth about $26,000. NBC Securities Inc. increased its holdings in CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company's stock worth $35,000 after buying an additional 173 shares during the last quarter. Rothschild Investment LLC bought a new position in CRH during the second quarter valued at approximately $43,000. Richardson Financial Services Inc. acquired a new stake in CRH in the fourth quarter valued at approximately $47,000. Finally, EverSource Wealth Advisors LLC grew its position in CRH by 30.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company's stock worth $54,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Price Performance

CRH stock traded down $2.89 during mid-day trading on Wednesday, reaching $85.18. The company had a trading volume of 6,484,922 shares, compared to its average volume of 5,218,164. The company has a 50 day moving average of $81.37 and a 200-day moving average of $81.11. CRH plc has a 52 week low of $51.59 and a 52 week high of $91.02.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting analysts' consensus estimates of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. Analysts expect that CRH plc will post 5.44 EPS for the current year.

CRH Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, August 23rd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a yield of 1.7%.

Analysts Set New Price Targets

Several research firms recently issued reports on CRH. Royal Bank of Canada began coverage on shares of CRH in a research note on Tuesday, May 14th. They issued an "outperform" rating and a $110.00 price objective for the company. Stephens initiated coverage on CRH in a research note on Tuesday, June 18th. They set an "overweight" rating and a $95.00 price target for the company. Citigroup lowered their price objective on CRH from $109.00 to $99.00 and set a "buy" rating on the stock in a report on Thursday, July 11th. DA Davidson upped their target price on CRH from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Finally, StockNews.com downgraded CRH from a "buy" rating to a "hold" rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $95.70.

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.