Crh Plc $CRH Holdings Boosted by Brasada Capital Management LP

Brasada Capital Management LP increased its holdings in Crh Plc (NYSE:CRH) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 164,148 shares of the construction company’s stock after buying an additional 10,843 shares during the quarter. CRH accounts for about 3.5% of Brasada Capital Management LP’s investment portfolio, making the stock its 4th largest position. Brasada Capital Management LP’s holdings in CRH were worth $20,755,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Board of the Pension Protection Fund purchased a new position in shares of CRH in the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC purchased a new position in CRH during the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC lifted its holdings 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. Meeder Asset Management Inc. lifted its holdings in CRH by 29,400.0% during the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after purchasing an additional 294 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in CRH during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH opened at $106.41 on Friday. The company’s fifty day moving average is $109.55 and its 200 day moving average is $115.98. 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 P/E/G ratio of 1.85 and a beta of 1.31.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping 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 company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. The business’s quarterly 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. As a group, research analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

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

Analysts Set New Price Targets

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

About CRH

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.