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

Cruiser Capital Advisors LLC lifted its stake in CRH plc (NYSE:CRH - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,191 shares of the construction company's stock after acquiring an additional 7,000 shares during the period. CRH accounts for 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 reporting period.

A number of other hedge funds have also made changes to their positions in CRH. FMR LLC lifted its holdings in CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock valued at $3,341,258,000 after acquiring an additional 9,055,354 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company's stock valued at $473,270,000 after acquiring an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock valued at $1,329,796,000 after purchasing an additional 1,148,708 shares during the period. AGF Management Ltd. boosted its position in shares of CRH by 4,264.7% in the 4th quarter. AGF Management Ltd. now owns 1,034,527 shares of the construction company's stock valued at $95,714,000 after purchasing an additional 1,010,825 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in CRH by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company's stock worth $796,546,000 after purchasing an additional 826,758 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

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Analysts Set New Price Targets

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

CRH Stock Down 4.4 %

CRH stock traded down $4.05 during midday trading on Friday, hitting $88.09. 11,039,934 shares of the company traded hands, compared to its average volume of 5,457,916. The business has a 50 day simple moving average of $99.77 and a 200-day simple moving average of $96.68. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from CRH's previous quarterly dividend of $0.23. This represents a $1.48 dividend on an annualized basis and a yield of 1.68%. CRH's dividend payout ratio (DPR) is presently 15.51%.

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.