Tectonic Advisors LLC Cuts Stock Holdings in Crh Plc $CRH

Key Points

• Tectonic Advisors cut its stake in CRH by 9.0%, selling 9,701 shares to finish the quarter with 98,092 shares worth about $12.24 million.
• CRH missed quarterly expectations, reporting $1.52 EPS versus $2.20 expected and revenue of $9.42 billion versus $11.15 billion expected, though revenue rose 6.2% year‑over‑year.
• Dividend and analyst sentiment: CRH raised its quarterly dividend to $0.39 ($1.56 annualized, ~1.3% yield) while analysts hold a consensus "Moderate Buy" rating with a $139.69 price target.

Tectonic Advisors LLC decreased its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 9.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 98,092 shares of the construction company's stock after selling 9,701 shares during the period. Tectonic Advisors LLC's holdings in CRH were worth $12,242,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in CRH by 24.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company's stock valued at $272,086,000 after purchasing an additional 448,860 shares during the period. Park Avenue Securities LLC purchased a new position in shares of CRH in the 3rd quarter worth approximately $4,491,000. Exane Asset Management grew its position in shares of CRH by 21.2% in the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company's stock worth $80,735,000 after buying an additional 116,178 shares during the last quarter. Cibc World Market Inc. grew its position in shares of CRH by 36.2% in the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company's stock worth $6,761,000 after buying an additional 14,985 shares during the last quarter. Finally, Dynasty Wealth Management LLC grew its position in shares of CRH by 77.5% in the 3rd quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company's stock worth $4,086,000 after buying an additional 14,877 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Trading Up 0.1%

NYSE:CRH opened at $117.96 on Monday. The company has a market cap of $78.82 billion, a PE ratio of 21.37, a P/E/G ratio of 2.06 and a beta of 1.35. Crh Plc has a twelve month low of $81.60 and a twelve month high of $131.55. The company's 50 day moving average is $113.44 and its two-hundred day moving average is $117.94.

CRH (NYSE:CRH - Get Free Report) last released its earnings results on Thursday, February 19th. The construction company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). The company had revenue of $9.42 billion for the quarter, compared to analysts' expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. As a group, analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, March 6th. This is a positive change from CRH's previous quarterly dividend of $0.37. CRH's dividend payout ratio (DPR) is presently 28.26%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of CRH from $142.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 8th. BNP Paribas Exane raised shares of CRH to a "strong-buy" rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CRH in a research report on Monday, December 22nd. Finally, Longbow Research initiated coverage on shares of CRH in a research report on Tuesday, December 16th. They issued a "buy" rating and a $160.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, CRH presently has an average rating of "Moderate Buy" and a consensus price target of $139.69.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH's core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.

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