Cannell & Spears LLC Decreases Stock Position in Crh Plc $CRH

Cannell & Spears LLC cut its stake in Crh Plc (NYSE:CRH) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 680,082 shares of the construction company’s stock after selling 87,867 shares during the quarter. CRH comprises approximately 1.5% of Cannell & Spears LLC’s holdings, making the stock its 14th largest holding. Cannell & Spears LLC owned approximately 0.10% of CRH worth $81,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CRH. NewEdge Advisors LLC lifted its holdings in shares of CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after acquiring an additional 5,316 shares during the last quarter. Empowered Funds LLC grew its holdings in CRH by 5.3% during the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 658 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after purchasing an additional 1,579 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in CRH by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,972 shares of the construction company’s stock valued at $1,099,000 after purchasing an additional 146 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in CRH by 24.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock opened at $99.74 on Friday. The company has a market capitalization of $66.65 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.74 and a beta of 1.33. The company’s 50-day simple moving average is $120.94 and its two-hundred day simple moving average is $118.86. Crh Plc has a one year low of $76.75 and a one year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be given a dividend of $0.39 per share. This is a boost from CRH’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. CRH’s dividend payout ratio is presently 28.26%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. UBS Group increased their price target on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Morgan Stanley boosted their price objective on CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. upped their price objective on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

CRH 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.