Tectonic Advisors LLC Has $8.41 Million Stock Holdings in CRH plc (NYSE:CRH)

Tectonic Advisors LLC grew its position in CRH plc (NYSE:CRH) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 90,844 shares of the construction company’s stock after buying an additional 992 shares during the quarter. Tectonic Advisors LLC’s holdings in CRH were worth $8,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Deseret Mutual Benefit Administrators bought a new stake in shares of CRH in the third quarter valued at approximately $25,000. UMB Bank n.a. boosted its holdings in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Heck Capital Advisors LLC acquired a new stake in CRH in the 4th quarter worth $32,000. Meeder Asset Management Inc. bought a new position in shares of CRH during the 3rd quarter worth about $35,000. Finally, Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Up 1.4 %

Shares of NYSE:CRH opened at $98.66 on Wednesday. The firm has a market cap of $67.01 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.08 and a beta of 1.30. CRH plc has a 12 month low of $71.18 and a 12 month high of $104.23. The company’s 50-day moving average price is $97.03 and its two-hundred day moving average price is $92.57.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were given a dividend of $0.262 per share. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 21.00%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent research reports. Barclays started coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. DA Davidson increased their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Truist Financial lifted their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. HSBC began coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Finally, Morgan Stanley upped their price objective on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. One 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 stock. According to MarketBeat, the company has an average 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.