Baupost Group LLC MA Raises Stake in Crh Plc $CRH

Baupost Group LLC MA boosted its holdings in shares of Crh Plc (NYSE:CRH) by 42.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,825,395 shares of the construction company’s stock after buying an additional 1,131,000 shares during the quarter. CRH makes up approximately 8.5% of Baupost Group LLC MA’s investment portfolio, making the stock its 4th biggest holding. Baupost Group LLC MA’s holdings in CRH were worth $351,171,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of CRH in the 2nd quarter valued at $246,000. Ninety One UK Ltd lifted its holdings in CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after acquiring an additional 364,319 shares during the period. Hsbc Holdings PLC boosted its position in CRH by 100.2% in the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock worth $39,318,000 after purchasing an additional 226,602 shares in the last quarter. National Pension Service grew its stake in shares of CRH by 8.6% during the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock worth $189,492,000 after purchasing an additional 170,702 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of CRH during the 1st quarter valued at approximately $249,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of CRH stock opened at $119.65 on Friday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $121.99. The stock has a market cap of $80.20 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.91 and a beta of 1.35. The stock’s 50 day simple moving average is $116.68 and its 200-day simple moving average is $106.38.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.27. CRH had a return on equity of 16.25% and a net margin of 9.30%.The company had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the prior year, the business earned $1.97 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, research analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. CRH’s dividend payout ratio (DPR) is currently 22.11%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Morgan Stanley set a $134.00 target price on shares of CRH in a research note on Thursday, October 9th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research note on Monday. Wells Fargo & Company lowered their price target on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Barclays boosted their price target on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.54.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.