Hexagon Capital Partners LLC Sells 220 Shares of CRH plc (NYSE:CRH)

Hexagon Capital Partners LLC lessened its position in CRH plc (NYSE:CRH) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 976 shares of the construction company’s stock after selling 220 shares during the period. Hexagon Capital Partners LLC’s holdings in CRH were worth $84,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Diversified Trust Co bought a new position in shares of CRH in the 1st quarter valued at about $2,391,000. Cannon Global Investment Management LLC grew its position in shares of CRH by 50.8% in the 1st quarter. Cannon Global Investment Management LLC now owns 9,800 shares of the construction company’s stock valued at $845,000 after acquiring an additional 3,300 shares during the period. Kathmere Capital Management LLC lifted its stake in shares of CRH by 29.3% during the 1st quarter. Kathmere Capital Management LLC now owns 13,168 shares of the construction company’s stock worth $1,136,000 after buying an additional 2,985 shares during the last quarter. Asio Capital LLC lifted its stake in shares of CRH by 0.4% during the 1st quarter. Asio Capital LLC now owns 54,246 shares of the construction company’s stock worth $4,679,000 after buying an additional 231 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its stake in shares of CRH by 12.4% during the 1st quarter. Artemis Investment Management LLP now owns 1,101,225 shares of the construction company’s stock worth $94,941,000 after buying an additional 121,528 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 2.7 %

CRH traded down $2.00 during trading on Monday, reaching $72.98. 5,193,307 shares of the company’s stock were exchanged, compared to its average volume of 5,491,594. CRH plc has a one year low of $51.59 and a one year high of $88.00. The firm has a fifty day moving average price of $78.99 and a two-hundred day moving average price of $77.24.

CRH (NYSE:CRH) last posted its earnings results on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion. As a group, research analysts predict that CRH plc will post 5.35 earnings per share for the current year.

CRH Increases Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, May 24th were given a dividend of $0.35 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 23rd. This is an increase from CRH’s previous Variable dividend of $0.23.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRH. StockNews.com cut shares of CRH from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Royal Bank of Canada began coverage on shares of CRH in a research note on Tuesday, May 14th. They set an “outperform” rating and a $110.00 target price for the company. Stephens initiated coverage on shares of CRH in a research note on Tuesday, June 18th. They set an “overweight” rating and a $95.00 target price for the company. Citigroup lifted their price objective on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 price objective (up previously from $80.00) on shares of CRH in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average price target of $93.11.

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.