CRH plc (NYSE:CRH) is Tyro Capital Management LLC’s 5th Largest Position

Tyro Capital Management LLC lifted its stake in CRH plc (NYSE:CRH) by 0.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 239,716 shares of the construction company’s stock after buying an additional 1,457 shares during the quarter. CRH makes up 7.0% of Tyro Capital Management LLC’s holdings, making the stock its 5th largest position. Tyro Capital Management LLC’s holdings in CRH were worth $22,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRH. Grove Bank & Trust boosted its position in CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after purchasing an additional 123 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. CVA Family Office LLC lifted its stake in shares of CRH by 2.1% in the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after purchasing an additional 128 shares during the period. Lindbrook Capital LLC boosted its holdings in CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after buying an additional 135 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 0.5 %

CRH stock opened at $99.05 on Friday. The company’s 50 day moving average is $97.12 and its two-hundred day moving average is $87.52. CRH plc has a 52-week low of $65.74 and a 52-week high of $104.23. The firm has a market cap of $67.27 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29.

CRH Cuts Dividend

The company also recently announced 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 payout ratio is 37.20%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. HSBC started coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. Finally, Morgan Stanley boosted their price target 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 analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CRH presently has a consensus rating of “Buy” and an average price target of $106.42.

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.