Moore Capital Management LP Buys 60,277 Shares of CRH plc (NYSE:CRH)

Moore Capital Management LP increased its stake in CRH plc (NYSE:CRH - Free Report) by 1,722.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,777 shares of the construction company's stock after purchasing an additional 60,277 shares during the quarter. Moore Capital Management LP's holdings in CRH were worth $5,901,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Arkadios Wealth Advisors raised its holdings in shares of CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock valued at $216,000 after acquiring an additional 109 shares during the period. Covestor Ltd boosted its stake in CRH by 20.4% in the 4th quarter. Covestor Ltd now owns 755 shares of the construction company's stock worth $70,000 after purchasing an additional 128 shares during the period. Parallel Advisors LLC boosted its stake in CRH by 1.9% in the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock worth $630,000 after purchasing an additional 129 shares during the period. First Eagle Investment Management LLC boosted its stake in CRH by 3.2% in the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock worth $405,000 after purchasing an additional 136 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in CRH by 18.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock worth $90,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CRH shares. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Loop Capital initiated coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 target price on the stock. Berenberg Bank set a $120.00 target price on CRH in a report on Friday, February 28th. Royal Bank of Canada dropped their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. One 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 company. According to MarketBeat.com, CRH presently has an average rating of "Buy" and a consensus price target of $112.58.

CRH Stock Performance

Shares of NYSE:CRH traded up $1.15 during trading on Friday, hitting $98.98. 3,180,808 shares of the stock were exchanged, compared to its average volume of 5,795,153. The company has a market capitalization of $66.87 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The company's fifty day simple moving average is $91.42 and its 200-day simple moving average is $96.29.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) EPS 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 the consensus estimate of $6.77 billion. CRH had a return on equity of 16.35% and a net margin of 9.86%. On average, research analysts forecast that CRH plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.50%. CRH's payout ratio 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.