Balyasny Asset Management L.P. Has $227.08 Million Stake in CRH plc (NYSE:CRH)

Balyasny Asset Management L.P. increased its position in shares of CRH plc (NYSE:CRH - Free Report) by 103.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,454,425 shares of the construction company's stock after purchasing an additional 1,248,163 shares during the quarter. CRH accounts for approximately 0.3% of Balyasny Asset Management L.P.'s investment portfolio, making the stock its 20th largest position. Balyasny Asset Management L.P. owned 0.36% of CRH worth $227,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC acquired a new position in CRH during the third quarter valued at approximately $209,000. Wilmington Savings Fund Society FSB bought a new stake in shares of CRH during the 3rd quarter worth $440,000. Tidal Investments LLC boosted its stake in CRH by 168.7% in the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company's stock valued at $2,049,000 after buying an additional 13,868 shares in the last quarter. Peapack Gladstone Financial Corp bought a new position in CRH in the third quarter valued at about $229,000. Finally, Franklin Resources Inc. raised its stake in CRH by 8.7% during the third 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 in the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

Shares of CRH traded down $4.17 during mid-day trading on Tuesday, reaching $94.08. 8,254,272 shares of the company were exchanged, compared to its average volume of 5,780,789. The business has a 50 day simple moving average of $91.79 and a two-hundred day simple moving average of $96.13. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The stock has a market capitalization of $63.62 billion, a PE ratio of 18.82, a PEG ratio of 1.15 and a beta of 1.33.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. On average, analysts predict that CRH plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. CRH's dividend payout ratio (DPR) is presently 22.66%.

Analysts Set New Price Targets

CRH has been the topic of a number of research analyst reports. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on shares of CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Loop Capital assumed coverage on CRH in a report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective on the stock. Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th. Finally, Citigroup dropped their target price on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $112.36.

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.