Tribune Investment Group LP Makes New Investment in CRH plc (NYSE:CRH)

Tribune Investment Group LP bought a new stake in shares of CRH plc (NYSE:CRH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 52,000 shares of the construction company's stock, valued at approximately $4,811,000. CRH makes up 2.7% of Tribune Investment Group LP's holdings, making the stock its 19th biggest position.

Several other hedge funds have also recently bought and sold shares of CRH. XTX Topco Ltd acquired a new position in CRH during the 3rd quarter valued at $372,000. MML Investors Services LLC increased its stake in shares of CRH by 7.7% in the third quarter. MML Investors Services LLC now owns 35,358 shares of the construction company's stock valued at $3,279,000 after buying an additional 2,518 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of CRH by 15.6% in the third quarter. Coldstream Capital Management Inc. now owns 3,631 shares of the construction company's stock worth $340,000 after acquiring an additional 489 shares during the last quarter. Virtu Financial LLC acquired a new position in CRH during the 3rd quarter worth $3,581,000. Finally, Eaton Financial Holdings Company LLC bought a new position in CRH in the 3rd quarter valued at $417,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

NYSE CRH traded down $0.23 on Friday, hitting $84.79. 5,452,284 shares of the company's stock were exchanged, compared to its average volume of 5,640,318. The firm has a market cap of $57.34 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The firm's 50-day moving average price is $95.00 and its two-hundred day moving average price is $96.01.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Friday, March 14th were issued a $0.37 dividend. This is a positive change from CRH's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.75%. CRH's dividend payout ratio (DPR) is presently 22.66%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Loop Capital started coverage on CRH in a report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target on the stock. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on CRH from $118.00 to $114.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Berenberg Bank set a $120.00 price target on CRH in a research report on Friday, February 28th. Finally, StockNews.com raised CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $112.36.

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.