CRH plc (NYSE:CRH) Stock Position Increased by Armor Advisors L.L.C.

Armor Advisors L.L.C. boosted its position in shares of CRH plc (NYSE:CRH - Free Report) by 27.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,886 shares of the construction company's stock after buying an additional 65,000 shares during the quarter. CRH accounts for approximately 29.2% of Armor Advisors L.L.C.'s investment portfolio, making the stock its largest position. Armor Advisors L.L.C.'s holdings in CRH were worth $28,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in CRH in the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. grew its holdings in CRH by 214.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock worth $33,000 after acquiring an additional 240 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in CRH during the 4th quarter valued at about $38,000. Deseret Mutual Benefit Administrators lifted its position in shares of CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company's stock worth $47,000 after purchasing an additional 236 shares during the period. Finally, GeoWealth Management LLC boosted its stake in shares of CRH by 46.3% during the fourth quarter. GeoWealth Management LLC now owns 559 shares of the construction company's stock valued at $52,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CRH shares. Berenberg Bank set a $120.00 price objective on shares of CRH in a research note on Friday, February 28th. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Loop Capital initiated coverage on shares of CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target for the company. Finally, Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Wednesday. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH presently has a consensus rating of "Buy" and a consensus target price of $112.36.

CRH Stock Performance

CRH stock traded down $2.20 during midday trading on Wednesday, reaching $91.75. The stock had a trading volume of 8,987,045 shares, compared to its average volume of 5,793,559. The firm has a fifty 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 cap of $62.05 billion, a PE ratio of 18.35, a P/E/G ratio of 1.15 and a beta of 1.33.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $6.77 billion. On average, sell-side analysts predict that CRH plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.61%. CRH's dividend payout ratio is presently 22.66%.

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.