Crh Plc $CRH Holdings Boosted by Brant Point Investment Management LLC

Brant Point Investment Management LLC grew its stake in shares of Crh Plc (NYSE:CRH) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,921 shares of the construction company’s stock after acquiring an additional 5,000 shares during the period. CRH accounts for 0.9% of Brant Point Investment Management LLC’s investment portfolio, making the stock its 8th biggest holding. Brant Point Investment Management LLC’s holdings in CRH were worth $7,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brasada Capital Management LP grew its holdings in shares of CRH by 7.1% during the 4th quarter. Brasada Capital Management LP now owns 164,148 shares of the construction company’s stock valued at $20,755,000 after acquiring an additional 10,843 shares in the last quarter. Adams Natural Resources Fund Inc. purchased a new position in shares of CRH during the 4th quarter valued at $7,987,000. Atlas Capital Advisors Inc. purchased a new position in shares of CRH during the 4th quarter valued at $238,000. Aptus Capital Advisors LLC purchased a new position in shares of CRH during the 4th quarter valued at $221,000. Finally, FORA Capital LLC purchased a new position in shares of CRH during the 4th quarter valued at $3,080,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 1.5%

CRH stock opened at $106.41 on Friday. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55. The company has a fifty day simple moving average of $109.55 and a 200 day simple moving average of $115.98. The firm has a market cap of $71.11 billion, a PE ratio of 19.71, a PEG ratio of 1.85 and a beta of 1.31.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. The business’s revenue 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, analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRH. Wells Fargo & Company boosted their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from 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.