Adams Natural Resources Fund Inc. Takes Position in Crh Plc $CRH

Adams Natural Resources Fund Inc. bought a new stake in Crh Plc (NYSE:CRH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,000 shares of the construction company’s stock, valued at approximately $7,987,000. CRH makes up approximately 1.2% of Adams Natural Resources Fund Inc.’s holdings, making the stock its 22nd biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atlas Capital Advisors Inc. acquired a new stake in CRH in the fourth quarter worth about $238,000. Aptus Capital Advisors LLC acquired a new stake in CRH in the fourth quarter worth about $221,000. FORA Capital LLC acquired a new stake in CRH in the fourth quarter worth about $3,080,000. Kestra Advisory Services LLC increased its position in CRH by 4.7% in the fourth quarter. Kestra Advisory Services LLC now owns 18,818 shares of the construction company’s stock worth $2,349,000 after purchasing an additional 853 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in CRH by 42.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 972,916 shares of the construction company’s stock worth $121,445,000 after purchasing an additional 288,715 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

NYSE:CRH opened at $106.41 on Friday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock has a market capitalization of $71.11 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The business’s 50-day simple moving average is $109.55 and its 200-day simple moving average is $115.98.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts expect that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

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

Analyst Ratings Changes

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

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.