Crh Plc $CRH Position Raised by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC boosted its position in Crh Plc (NYSE:CRH) by 1,023.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,781 shares of the construction company’s stock after purchasing an additional 28,953 shares during the period. Elevation Point Wealth Partners LLC’s holdings in CRH were worth $3,349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its stake in shares of CRH by 12.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock worth $99,000 after buying an additional 86 shares in the last quarter. Waddell & Associates LLC lifted its holdings in shares of CRH by 3.8% in the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock valued at $294,000 after buying an additional 87 shares during the period. PDS Planning Inc boosted its stake in CRH by 2.3% during the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock valued at $499,000 after buying an additional 89 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in CRH by 2.4% during the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock worth $495,000 after acquiring an additional 96 shares during the period. Finally, Harbor Investment Advisory LLC grew 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 worth $26,000 after acquiring an additional 99 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

NYSE:CRH opened at $107.41 on Friday. The stock has a market cap of $71.77 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.87 and a beta of 1.32. Crh Plc has a fifty-two week low of $91.22 and a fifty-two week high of $131.55. The stock’s 50-day moving average is $108.49 and its two-hundred day moving average is $114.80.

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

CRH Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Jefferies Financial Group raised their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Two investment 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.40.

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.