Two Creeks Capital Management LP Grows Holdings in CRH plc (NYSE:CRH)

Two Creeks Capital Management LP raised its stake in CRH plc (NYSE:CRH - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,166,816 shares of the construction company's stock after buying an additional 270,758 shares during the quarter. CRH comprises approximately 6.6% of Two Creeks Capital Management LP's investment portfolio, making the stock its 4th biggest holding. Two Creeks Capital Management LP owned 0.17% of CRH worth $107,954,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in CRH in the 3rd quarter valued at $3,581,000. Eaton Financial Holdings Company LLC acquired a new stake in shares of CRH in the 3rd quarter valued at approximately $417,000. World Investment Advisors LLC bought a new position in shares of CRH in the 3rd quarter valued at about $209,000. Wilmington Savings Fund Society FSB acquired a new stake in CRH in the 3rd quarter valued at about $440,000. Finally, Tidal Investments LLC grew its holdings in CRH by 168.7% during the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company's stock worth $2,049,000 after purchasing an additional 13,868 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

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

CRH Trading Up 0.2 %

CRH stock traded up $0.20 during midday trading on Monday, reaching $92.64. The company's stock had a trading volume of 2,001,913 shares, compared to its average volume of 5,690,862. The stock has a market cap of $62.65 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The business has a 50-day moving average price of $92.68 and a 200-day moving average price of $96.02.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were paid a $0.37 dividend. This is an increase from CRH's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.60%. 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.