Tyro Capital Management LLC Has $26.64 Million Holdings in CRH plc (NYSE:CRH)

Tyro Capital Management LLC lifted its stake in shares of CRH plc (NYSE:CRH) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,977 shares of the construction company’s stock after acquiring an additional 48,261 shares during the quarter. CRH makes up 8.7% of Tyro Capital Management LLC’s holdings, making the stock its 5th biggest holding. Tyro Capital Management LLC’s holdings in CRH were worth $26,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Raiffeisen Bank International AG bought a new stake in CRH in the fourth quarter worth approximately $9,086,000. Redwood Investments LLC increased its holdings in CRH by 11.5% in the fourth quarter. Redwood Investments LLC now owns 61,044 shares of the construction company’s stock worth $5,648,000 after purchasing an additional 6,288 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in CRH by 266.1% in the fourth quarter. Point72 Asset Management L.P. now owns 1,499,041 shares of the construction company’s stock worth $138,691,000 after purchasing an additional 1,089,555 shares in the last quarter. Point72 Europe London LLP increased its holdings in CRH by 7.5% in the fourth quarter. Point72 Europe London LLP now owns 558,760 shares of the construction company’s stock worth $51,696,000 after purchasing an additional 39,042 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in CRH in the fourth quarter worth approximately $3,522,000. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Up 1.2%

Shares of NYSE CRH opened at $98.98 on Friday. The firm has a market capitalization of $66.87 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.15 and a beta of 1.33. The stock’s 50-day simple moving average is $91.51 and its two-hundred day simple moving average is $96.32. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97.

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

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.50%. CRH’s dividend payout ratio (DPR) is presently 23.52%.

Analysts Set New Price Targets

CRH has been the subject of a number of research reports. Royal Bank of Canada reduced their price objective on CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Sanford C. Bernstein started coverage on CRH in a report on Tuesday, May 13th. They set an “outperform” rating and a $115.00 price target for the company. Loop Capital started coverage on CRH in a report on Wednesday, April 9th. They set a “buy” rating and a $114.00 price target for the company. JPMorgan Chase & Co. decreased their price target on CRH from $118.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 price target on CRH in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $112.58.

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.