Entropy Technologies LP Buys 41,302 Shares of Crh Plc $CRH

Entropy Technologies LP lifted its stake in Crh Plc (NYSE:CRH) by 80.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,753 shares of the construction company’s stock after purchasing an additional 41,302 shares during the period. Entropy Technologies LP’s holdings in CRH were worth $11,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CRH. Board of the Pension Protection Fund bought a new position in shares of CRH in the 4th quarter worth $25,000. Harbor Investment Advisory LLC boosted its position in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of CRH in the 4th quarter worth $26,000. Riggs Asset Managment Co. Inc. boosted its position in shares of CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of CRH in the 4th quarter worth $37,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CRH Trading Up 1.5%

CRH stock opened at $106.41 on Friday. The business’s 50-day moving average price is $109.55 and its two-hundred day moving average price is $115.98. The firm has a market cap of $71.11 billion, a PE ratio of 19.71, a P/E/G ratio of 1.85 and a beta of 1.31. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm’s quarterly revenue 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, analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

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

About CRH

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.