CRH plc (NYSE:CRH) Shares Bought by Cruiser Capital Advisors LLC

Cruiser Capital Advisors LLC boosted its stake in shares of CRH plc (NYSE:CRH) by 9.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 83,191 shares of the construction company’s stock after purchasing an additional 7,000 shares during the quarter. CRH comprises approximately 4.3% of Cruiser Capital Advisors LLC’s holdings, making the stock its 3rd biggest position. Cruiser Capital Advisors LLC’s holdings in CRH were worth $7,697,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in CRH during the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $38,000. Deseret Mutual Benefit Administrators increased its holdings in shares of CRH by 87.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company’s stock valued at $47,000 after purchasing an additional 236 shares in the last quarter. Spire Wealth Management purchased a new position in shares of CRH during the 4th quarter valued at approximately $57,000. Finally, Versant Capital Management Inc lifted its stake in shares of CRH by 111.4% in the 4th quarter. Versant Capital Management Inc now owns 668 shares of the construction company’s stock valued at $62,000 after purchasing an additional 352 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Berenberg Bank set a $120.00 price target on shares of CRH in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CRH currently has a consensus rating of “Buy” and an average price target of $109.64.

CRH Stock Performance

NYSE CRH opened at $97.93 on Tuesday. CRH plc has a one year low of $71.18 and a one year high of $110.97. The business has a fifty day moving average price of $99.94 and a 200 day moving average price of $96.53. The company has a market cap of $66.29 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. This is an increase from CRH’s previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, March 14th. CRH’s dividend payout ratio (DPR) is currently 15.51%.

About CRH

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.