Alpine Global Management LLC Has $4.45 Million Stock Position in Crh Plc $CRH

Alpine Global Management LLC grew its stake in Crh Plc (NYSE:CRH) by 1,490.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,688 shares of the construction company’s stock after purchasing an additional 33,444 shares during the quarter. Alpine Global Management LLC’s holdings in CRH were worth $4,454,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after purchasing an additional 5,316 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares during the last quarter. Sei Investments Co. increased its position in shares of CRH by 18.9% in the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after acquiring an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in CRH by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after acquiring an additional 2,348 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 1.9%

Shares of CRH opened at $111.45 on Friday. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The stock’s 50-day moving average price is $109.99 and its two-hundred day moving average price is $115.78. The company has a market capitalization of $74.47 billion, a PE ratio of 20.64, a PEG ratio of 1.90 and a beta of 1.31.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.CRH’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. Equities research analysts predict that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, May 15th. CRH’s dividend payout ratio (DPR) is 28.89%.

Wall Street Analyst Weigh In

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