CRH plc (NYSE:CRH) Shares Bought by Tyro Capital Management LLC

Tyro Capital Management LLC grew its holdings in CRH plc (NYSE:CRH) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 287,977 shares of the construction company’s stock after buying an additional 48,261 shares during the quarter. CRH makes up 8.7% of Tyro Capital Management LLC’s portfolio, making the stock its 5th largest position. Tyro Capital Management LLC’s holdings in CRH were worth $26,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. increased its position in CRH by 7.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock worth $144,605,000 after purchasing an additional 114,072 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of CRH by 10.5% during the 4th 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 period. Merit Financial Group LLC grew its position in shares of CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after buying an additional 5,610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of CRH by 19.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock worth $6,733,000 after buying an additional 12,076 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of CRH during the 4th quarter worth about $2,335,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CRH shares. Royal Bank of Canada decreased their price objective on CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group reiterated a “neutral” rating on shares of CRH in a research report on Tuesday, May 6th. Sanford C. Bernstein started coverage on CRH in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 price objective for the company. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of CRH in a research report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $112.58.

CRH Stock Performance

CRH opened at $98.98 on Friday. The firm has a market cap of $66.87 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97. The business’s fifty day moving average is $91.51 and its 200-day moving average is $96.32.

CRH (NYSE:CRH) last released its quarterly earnings data on Monday, May 5th. The construction company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. CRH had a net margin of 9.86% and a return on equity of 16.35%. On average, research analysts predict that CRH plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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 1.50%. The ex-dividend date 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.