Crh Plc $CRH Shares Acquired by Brant Point Investment Management LLC

Brant Point Investment Management LLC boosted its position in shares of Crh Plc (NYSE:CRH) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,921 shares of the construction company’s stock after acquiring an additional 5,000 shares during the period. CRH accounts for 0.9% of Brant Point Investment Management LLC’s investment portfolio, making the stock its 8th biggest holding. Brant Point Investment Management LLC’s holdings in CRH were worth $7,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares during the last quarter. State Street Corp lifted its position in CRH by 81.3% during the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after acquiring an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC lifted its position in CRH by 67.3% during the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after acquiring an additional 5,916,930 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in CRH by 0.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after acquiring an additional 78,769 shares during the last quarter. Finally, Norges Bank acquired a new position in CRH during the 4th quarter worth $1,476,939,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CRH. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson set a $120.00 target price on shares of CRH in a research report on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company boosted their target price on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Stock Performance

Shares of CRH stock opened at $106.41 on Friday. The firm has a fifty day moving average of $109.55 and a 200-day moving average of $115.98. The stock has a market cap of $71.11 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 1.85 and a beta of 1.31. Crh Plc has a 52-week low of $86.82 and a 52-week high of $131.55.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. CRH’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, sell-side analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.