Baupost Group LLC MA Lowers Position in Crh Plc $CRH

Baupost Group LLC MA cut its stake in shares of Crh Plc (NYSE:CRH) by 68.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,072,957 shares of the construction company’s stock after selling 2,310,438 shares during the period. CRH comprises about 2.5% of Baupost Group LLC MA’s investment portfolio, making the stock its 15th biggest position. Baupost Group LLC MA owned approximately 0.16% of CRH worth $133,905,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new position in CRH during the fourth quarter valued at $25,000. Harbor Investment Advisory LLC lifted its position in CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in CRH during the fourth quarter valued at $26,000. Riggs Asset Managment Co. Inc. lifted its position in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in CRH during the fourth quarter valued at $37,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRH has been the topic of several analyst reports. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company lifted their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating 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 company an “overweight” rating in a research report on Tuesday, March 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Two 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Stock Up 1.5%

Shares of CRH stock opened at $106.41 on Friday. The stock’s 50-day simple moving average is $109.55 and its 200-day simple moving average is $115.98. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55. The company has a market capitalization of $71.11 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.85 and a beta of 1.31.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS 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 the consensus estimate of $7.07 billion. The firm’s revenue 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, equities analysts expect that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

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 given a $0.39 dividend. 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 presently 28.89%.

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.