Tidal Investments LLC Acquires 13,868 Shares of CRH plc (NYSE:CRH)

Tidal Investments LLC increased its stake in CRH plc (NYSE:CRH - Free Report) by 168.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,089 shares of the construction company's stock after buying an additional 13,868 shares during the period. Tidal Investments LLC's holdings in CRH were worth $2,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators bought a new stake in CRH during the 3rd quarter valued at about $25,000. UMB Bank n.a. raised its holdings in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock worth $28,000 after acquiring an additional 125 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in CRH by 336.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock worth $25,000 after acquiring an additional 259 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in CRH during the 3rd quarter valued at $35,000. Finally, Baillie Gifford & Co. boosted its stake in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Stock Down 1.0 %

NYSE:CRH traded down $0.97 during mid-day trading on Tuesday, hitting $97.23. 3,281,638 shares of the company traded hands, compared to its average volume of 4,780,829. The stock's fifty day moving average price is $97.49 and its 200-day moving average price is $87.88. The firm has a market cap of $66.04 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29. CRH plc has a one year low of $65.74 and a one year high of $104.23.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 22nd will be paid a dividend of $0.262 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio (DPR) is presently 21.00%.

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. HSBC began coverage on shares of CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 target price on the stock. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price objective for the company. DA Davidson increased their price objective on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Morgan Stanley raised their target price on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, CRH currently has a consensus rating of "Buy" and a consensus target price of $106.42.

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.