AXQ Capital LP Acquires Shares of 8,679 Crh Plc $CRH

AXQ Capital LP acquired a new stake in Crh Plc (NYSE:CRH) during the third quarter, according to its most recent filing with the SEC. The firm acquired 8,679 shares of the construction company’s stock, valued at approximately $1,041,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Creekmur Asset Management LLC acquired a new stake in shares of CRH in the 2nd quarter worth approximately $27,000. United Community Bank boosted its stake in shares of CRH by 359.6% during the 3rd 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 last quarter. Riggs Asset Managment Co. Inc. grew its stake in 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 acquiring an additional 312 shares during the period. Cornerstone Planning Group LLC lifted its position in CRH by 139.3% during the third 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 period. Finally, Salomon & Ludwin LLC acquired a new stake in shares of CRH in the third quarter worth approximately $32,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH opened at $121.32 on Tuesday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The stock’s fifty day moving average is $125.09 and its 200-day moving average is $118.92. The firm has a market capitalization of $81.32 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). The company 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 revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be paid a dividend of $0.39 per share. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio (DPR) is 20.11%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research note on Friday, January 23rd. UBS Group boosted their price objective on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Royal Bank Of Canada reduced their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Finally, Morgan Stanley boosted their target price on shares of CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.27.

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.