Twinbeech Capital LP Sells 318,955 Shares of CRH plc (NYSE:CRH)

Twinbeech Capital LP lowered its holdings in CRH plc (NYSE:CRH - Free Report) by 94.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,099 shares of the construction company's stock after selling 318,955 shares during the period. Twinbeech Capital LP's holdings in CRH were worth $1,860,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CRH. Heck Capital Advisors LLC bought a new position in shares of CRH during the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. lifted its holdings in CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after buying an additional 240 shares during the period. Colonial Trust Co SC purchased a new stake in CRH in the 4th quarter worth approximately $37,000. Whipplewood Advisors LLC purchased a new stake in CRH in the 4th quarter worth approximately $38,000. Finally, True Wealth Design LLC lifted its holdings in CRH by 859.6% in the 4th quarter. True Wealth Design LLC now owns 499 shares of the construction company's stock worth $46,000 after buying an additional 447 shares during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Up 1.3%

NYSE:CRH traded up $1.19 during trading hours on Tuesday, reaching $95.28. 1,357,988 shares of the company traded hands, compared to its average volume of 5,800,926. The business's 50-day moving average price is $91.33 and its two-hundred day moving average price is $96.22. The stock has a market capitalization of $64.37 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.15 and a beta of 1.33. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. CRH had a return on equity of 16.35% and a net margin of 9.86%. As a group, equities analysts anticipate that CRH plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, May 23rd. CRH's payout ratio is 23.52%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRH. Berenberg Bank set a $120.00 target price on CRH in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada lowered their target price on CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Loop Capital began coverage on CRH in a research note on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price for the company. Finally, Sanford C. Bernstein began coverage on CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 target price for the company. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $112.58.

About CRH

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.