Cruiser Capital Advisors LLC Has $7.70 Million Position in CRH plc (NYSE:CRH)

Cruiser Capital Advisors LLC raised its stake in shares of CRH plc (NYSE:CRH) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,191 shares of the construction company’s stock after acquiring an additional 7,000 shares during the quarter. CRH makes up about 4.3% of Cruiser Capital Advisors LLC’s portfolio, making the stock its 3rd biggest position. Cruiser Capital Advisors LLC’s holdings in CRH were worth $7,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in CRH by 7.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after purchasing an additional 114,072 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after buying an additional 5,889 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CRH by 10.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,450,632 shares of the construction company’s stock worth $226,732,000 after buying an additional 232,977 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after acquiring an additional 5,610 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in CRH by 19.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after acquiring an additional 12,076 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Performance

CRH stock opened at $97.93 on Tuesday. The business’s 50-day simple moving average is $99.94 and its two-hundred day simple moving average is $96.53. The company has a market cap of $66.29 billion, a PE ratio of 19.59, a PEG 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.

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 given a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. This is a positive change from CRH’s previous quarterly dividend of $0.23. CRH’s dividend payout ratio is currently 15.51%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRH. Citigroup cut their price target 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. lowered 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. Berenberg Bank set a $120.00 target price 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 report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $109.64.

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.