CRH plc (NYSE:CRH) Position Raised by Tectonic Advisors LLC

Tectonic Advisors LLC raised its position in shares of CRH plc (NYSE:CRH) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,844 shares of the construction company’s stock after purchasing an additional 992 shares during the quarter. Tectonic Advisors LLC’s holdings in CRH were worth $8,405,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC grew its position in CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after buying an additional 9,055,354 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after acquiring an additional 1,148,708 shares during the last quarter. Nordea Investment Management AB raised its position in shares of CRH by 48.2% during the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock worth $231,206,000 after purchasing an additional 808,061 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of CRH by 21.4% during the third quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company’s stock valued at $337,477,000 after purchasing an additional 649,993 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of CRH opened at $98.66 on Wednesday. The firm’s 50 day moving average price is $97.03 and its 200 day moving average price is $92.57. CRH plc has a twelve month low of $71.18 and a twelve month high of $104.23. The firm has a market cap of $67.01 billion, a PE ratio of 19.73, a PEG ratio of 1.08 and a beta of 1.30.

CRH Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were issued a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date was Friday, November 22nd. CRH’s dividend payout ratio is presently 21.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. JPMorgan Chase & Co. increased their target price on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Barclays initiated coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CRH currently has a consensus rating of “Buy” and an average price target of $107.75.

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.