CRH plc (NYSE:CRH) Position Raised by Tyro Capital Management LLC

Tyro Capital Management LLC increased its position in CRH plc (NYSE:CRH - Free Report) by 20.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,977 shares of the construction company's stock after acquiring an additional 48,261 shares during the quarter. CRH comprises approximately 8.7% of Tyro Capital Management LLC's holdings, making the stock its 5th biggest position. Tyro Capital Management LLC's holdings in CRH were worth $26,644,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of CRH by 7.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company's stock valued at $144,605,000 after buying an additional 114,072 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in CRH by 10.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company's stock worth $226,732,000 after buying an additional 232,977 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of CRH by 31.8% during the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock worth $2,151,000 after purchasing an additional 5,610 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of CRH by 19.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company's stock worth $6,733,000 after purchasing an additional 12,076 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of CRH in the fourth quarter valued at about $2,335,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent research reports. Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Royal Bank of Canada reduced their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $112.58.

CRH Trading Down 1.7%

Shares of CRH stock traded down $1.67 during trading hours on Wednesday, reaching $95.05. 4,773,844 shares of the company's stock were exchanged, compared to its average volume of 5,807,604. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The stock has a market cap of $64.22 billion, a PE ratio of 19.01, a PEG ratio of 1.15 and a beta of 1.33. The stock's fifty day moving average price is $91.55 and its two-hundred day moving average price is $96.35.

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 for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.77 billion. CRH had a return on equity of 16.35% and a net margin of 9.86%. On average, equities analysts expect that CRH plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The company 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 $0.37 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. CRH's dividend payout ratio is currently 23.52%.

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.