Elevation Point Wealth Partners LLC Has $3.35 Million Stock Position in Crh Plc $CRH

Elevation Point Wealth Partners LLC raised its position in Crh Plc (NYSE:CRH) by 1,023.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,781 shares of the construction company’s stock after purchasing an additional 28,953 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in CRH were worth $3,349,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new stake in shares of CRH during the 4th quarter worth about $25,000. Harbor Investment Advisory LLC grew its stake 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 valued at $26,000 after buying an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of CRH in the 4th quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. increased its holdings in CRH by 1,835.3% in the second 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, Bell Investment Advisors Inc increased its holdings in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after buying an additional 103 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of NYSE CRH opened at $107.41 on Friday. The business’s 50-day simple moving average is $108.49 and its 200-day simple moving average is $114.80. Crh Plc has a 52 week low of $91.22 and a 52 week high of $131.55. The firm has a market cap of $71.77 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.87 and a beta of 1.32.

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 during 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 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. As a group, equities research 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 was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of analyst reports. Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Finally, Jefferies Financial Group lifted their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, CRH has an average rating of “Moderate Buy” and an average price target of $141.40.

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.