Seven Eight Capital LP Has $3.65 Million Stock Holdings in CRH plc (NYSE:CRH)

Seven Eight Capital LP increased its stake in CRH plc (NYSE:CRH - Free Report) by 502.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,645 shares of the construction company's stock after buying an additional 40,568 shares during the period. Seven Eight Capital LP's holdings in CRH were worth $3,647,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC increased its position in shares of CRH by 14.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,908 shares of the construction company's stock worth $3,277,000 after purchasing an additional 5,445 shares during the last quarter. Amalgamated Bank bought a new position in CRH during the 2nd quarter worth approximately $2,823,000. Tredje AP fonden acquired a new position in shares of CRH in the 2nd quarter worth approximately $6,748,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of CRH in the 2nd quarter valued at approximately $714,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of CRH by 24.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 20,431 shares of the construction company's stock valued at $1,532,000 after acquiring an additional 4,050 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRH. Citigroup dropped their price target on CRH from $109.00 to $99.00 and set a "buy" rating on the stock in a research report on Thursday, July 11th. StockNews.com downgraded shares of CRH from a "buy" rating to a "hold" rating in a report on Friday, August 16th. Morgan Stanley upgraded shares of CRH from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Truist Financial boosted their target price on shares of CRH from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Finally, DA Davidson raised their price target on shares of CRH from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $95.70.

CRH Trading Up 0.8 %

CRH stock traded up $0.75 during trading hours on Wednesday, hitting $90.02. 3,928,010 shares of the stock traded hands, compared to its average volume of 5,156,544. CRH plc has a one year low of $51.59 and a one year high of $91.84. The stock has a 50-day simple moving average of $84.13 and a 200 day simple moving average of $81.65.

CRH (NYSE:CRH - Get Free Report) last announced its earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. On average, sell-side analysts expect that CRH plc will post 5.45 earnings per share for the current fiscal year.

CRH Cuts Dividend

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

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.