Voss Capital LP Reduces Stock Position in Crh Plc $CRH

Voss Capital LP cut its position in Crh Plc (NYSE:CRH) by 60.9% during the third quarter, Holdings Channel reports. The firm owned 225,000 shares of the construction company’s stock after selling 350,000 shares during the period. CRH makes up approximately 1.3% of Voss Capital LP’s portfolio, making the stock its 21st largest position. Voss Capital LP’s holdings in CRH were worth $26,978,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CRH. United Community Bank lifted its holdings in shares of CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after purchasing an additional 187 shares during the period. Salomon & Ludwin LLC acquired a new position in CRH in the 3rd quarter worth approximately $32,000. Cornerstone Planning Group LLC raised its position in CRH by 139.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after buying an additional 156 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares during the last quarter. Finally, Physician Wealth Advisors Inc. lifted its stake in CRH by 60.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 350 shares of the construction company’s stock valued at $42,000 after acquiring an additional 132 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 1.8%

NYSE CRH opened at $104.84 on Wednesday. The stock has a market capitalization of $70.06 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.80 and a beta of 1.33. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55. The stock has a 50-day moving average of $119.95 and a 200 day moving average of $118.77.

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

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be given a dividend of $0.39 per share. This is a positive change from CRH’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s payout ratio is 28.26%.

Analyst Ratings Changes

Several research firms have recently commented on CRH. DA Davidson set a $120.00 price objective on shares of CRH in a report on Friday, February 20th. Wells Fargo & Company boosted their target price on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley upped their price target on shares of CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

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.