Tidal Investments LLC Has $895,000 Stock Holdings in CRH plc (NYSE:CRH)

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

A number of other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of CRH in the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. boosted its holdings in shares of CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company's stock valued at $33,000 after buying an additional 240 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of CRH in the 4th quarter valued at approximately $37,000. Whipplewood Advisors LLC acquired a new stake in shares of CRH in the 4th quarter valued at approximately $38,000. Finally, True Wealth Design LLC boosted its holdings in shares of CRH by 859.6% in the 4th quarter. True Wealth Design LLC now owns 499 shares of the construction company's stock valued at $46,000 after buying an additional 447 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analysts Set New Price Targets

CRH has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price target on CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Sanford C. Bernstein initiated coverage on CRH in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target on the stock. Morgan Stanley restated an "overweight" rating on shares of CRH in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada lowered their price objective on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $112.58.

CRH Stock Down 0.0%

Shares of CRH traded down $0.01 during trading hours on Thursday, hitting $91.95. 5,640,289 shares of the company were exchanged, compared to its average volume of 5,801,629. The company has a market cap of $62.13 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 1.15 and a beta of 1.33. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The firm's fifty day moving average is $91.23 and its 200 day moving average is $96.19.

CRH (NYSE:CRH - Get Free Report) last released its earnings results 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). The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 16.35% and a net margin of 9.86%. Analysts anticipate 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. Investors of record on Friday, May 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, May 23rd. CRH's dividend payout ratio (DPR) is presently 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.