Blue Grotto Capital LLC Purchases 89,002 Shares of Crh Plc $CRH

Blue Grotto Capital LLC grew its position in Crh Plc (NYSE:CRH) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 448,209 shares of the construction company’s stock after purchasing an additional 89,002 shares during the period. CRH comprises about 5.7% of Blue Grotto Capital LLC’s portfolio, making the stock its 5th largest position. Blue Grotto Capital LLC owned approximately 0.07% of CRH worth $55,936,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CRH. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. State Street Corp increased its position in shares of 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 in the last quarter. Geode Capital Management LLC increased its position in shares of 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 in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of 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 in the last quarter. Finally, Norges Bank bought a new stake in shares of CRH during the fourth quarter worth $1,476,939,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 3.1%

Shares of CRH stock opened at $109.77 on Tuesday. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55. The firm’s fifty day moving average price is $109.66 and its two-hundred day moving average price is $115.96. The firm has a market capitalization of $73.35 billion, a P/E ratio of 20.33, a PEG ratio of 1.85 and a beta of 1.31.

CRH (NYSE:CRH) last issued its quarterly earnings results 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 firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. 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. As a group, equities research analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, May 15th. CRH’s payout ratio is presently 28.89%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CRH. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company increased their price objective on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and set a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. JPMorgan Chase & Co. increased their price objective 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. Finally, DA Davidson set a $120.00 price objective on shares of CRH in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company 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.