Crh Plc $CRH Shares Sold by Bornite Capital Management LP

Bornite Capital Management LP reduced its holdings in Crh Plc (NYSE:CRH) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 319,800 shares of the construction company’s stock after selling 150,000 shares during the quarter. CRH makes up 3.9% of Bornite Capital Management LP’s portfolio, making the stock its 12th biggest holding. Bornite Capital Management LP’s holdings in CRH were worth $39,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in CRH by 22.7% during the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares during the last quarter. State Street Corp increased its stake in CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after acquiring an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC increased its stake in CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after acquiring an additional 5,916,930 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in CRH by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after acquiring an additional 78,769 shares during the last quarter. Finally, Norges Bank acquired a new stake in CRH during the fourth quarter worth about $1,476,939,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRH has been the subject of several research analyst reports. DA Davidson set a $120.00 price target on CRH in a research note on Friday, February 20th. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. JPMorgan Chase & Co. upped their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company upped their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Two equities research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Stock Performance

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 firm has a market cap of $71.11 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The stock has a 50-day simple moving average of $109.55 and a 200-day simple moving average of $115.98.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.07 billion. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts predict that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is 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.