HighVista Strategies LLC Takes Position in Crh Plc $CRH

HighVista Strategies LLC acquired a new position in shares of Crh Plc (NYSE:CRH) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,439 shares of the construction company’s stock, valued at approximately $2,331,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in CRH by 158.5% during the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after acquiring an additional 5,316 shares during the period. Empowered Funds LLC raised its holdings in shares of CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 658 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of CRH by 58.5% in 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of CRH by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,972 shares of the construction company’s stock worth $1,099,000 after purchasing an additional 146 shares during the period. Finally, Creative Planning increased its position in CRH by 9.2% during the 2nd quarter. Creative Planning now owns 38,134 shares of the construction company’s stock worth $3,501,000 after purchasing an additional 3,209 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 0.0%

CRH opened at $99.74 on Monday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55. The firm has a market cap of $66.65 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.74 and a beta of 1.33. The company has a fifty day simple moving average of $120.94 and a 200 day simple moving average of $118.90.

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

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be issued a $0.39 dividend. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. CRH’s dividend payout ratio (DPR) is currently 28.26%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CRH. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 1st. Citigroup raised their target price on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Longbow Research assumed coverage on shares of CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a research note on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CRH presently has a consensus rating of “Moderate Buy” and a consensus 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.