Tidal Investments LLC Increases Holdings in CRH plc (NYSE:CRH)

Tidal Investments LLC lifted its holdings in CRH plc (NYSE:CRH) by 168.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,089 shares of the construction company’s stock after acquiring an additional 13,868 shares during the period. Tidal Investments LLC’s holdings in CRH were worth $2,049,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. GHP Investment Advisors Inc. grew its holdings in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after buying an additional 259 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new position in shares of CRH during the third quarter worth $25,000. UMB Bank n.a. grew its stake in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in CRH in the 3rd quarter valued at $35,000. Finally, Baillie Gifford & Co. lifted its stake in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.3 %

Shares of NYSE:CRH opened at $98.21 on Tuesday. The company has a market capitalization of $66.70 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.25 and a beta of 1.29. CRH plc has a 12 month low of $65.74 and a 12 month high of $104.23. The firm’s 50-day moving average is $97.49 and its 200 day moving average is $87.88.

CRH Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRH. Barclays started coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley boosted their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $106.42.

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.