Tidal Investments LLC Reduces Stock Position in CRH plc (NYSE:CRH)

Tidal Investments LLC decreased its stake in CRH plc (NYSE:CRH - Free Report) by 56.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,678 shares of the construction company's stock after selling 12,411 shares during the period. Tidal Investments LLC's holdings in CRH were worth $895,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CRH. FMR LLC grew its stake in shares of CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after purchasing an additional 4,687,345 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CRH by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company's stock worth $3,624,719,000 after purchasing an additional 145,101 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of CRH by 17.0% in the fourth quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock worth $1,553,194,000 after purchasing an additional 2,437,868 shares during the last quarter. Norges Bank bought a new stake in shares of CRH in the fourth quarter worth $1,391,245,000. Finally, Bank of New York Mellon Corp grew its stake in shares of CRH by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company's stock worth $796,546,000 after purchasing an additional 826,758 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CRH. Berenberg Bank set a $120.00 price objective on shares of CRH in a research note on Friday, February 28th. Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Royal Bank of Canada dropped their target price on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Wall Street Zen upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CRH presently has a consensus rating of "Buy" and a consensus target price of $112.58.

CRH Trading Down 1.1%

Shares of CRH traded down $0.97 on Friday, reaching $90.99. The company's stock had a trading volume of 8,756,692 shares, compared to its average volume of 5,608,212. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The firm has a fifty day moving average of $90.96 and a 200-day moving average of $96.03. The stock has a market capitalization of $61.48 billion, a PE ratio of 18.20, a PEG ratio of 1.15 and a beta of 1.33.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $6.77 billion. As a group, equities analysts anticipate that CRH plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, May 23rd. 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.