Crh Plc $CRH is L1 Capital International Pty Ltd’s 4th Largest Position

L1 Capital International Pty Ltd boosted its holdings in Crh Plc (NYSE:CRH) by 339.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,183,012 shares of the construction company’s stock after acquiring an additional 913,906 shares during the quarter. CRH accounts for approximately 7.6% of L1 Capital International Pty Ltd’s investment portfolio, making the stock its 4th biggest holding. L1 Capital International Pty Ltd’s holdings in CRH were worth $147,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CRH. NewEdge Advisors LLC grew its stake in CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares in the last quarter. Empowered Funds LLC grew its stake in 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 buying an additional 658 shares in the last quarter. Sivia Capital Partners LLC grew its stake in CRH by 58.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after buying an additional 1,579 shares in the last quarter. Sei Investments Co. grew its stake in CRH by 18.9% in the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after buying an additional 36,238 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of CRH by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock valued at $29,084,000 after purchasing an additional 2,348 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRH shares. Wells Fargo & Company boosted their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target 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 equities research 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. Based on data from MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Price Performance

CRH opened at $106.41 on Friday. The company has a fifty day moving average price of $109.55 and a 200-day moving average price of $115.98. The firm has a market capitalization of $71.11 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.31. Crh Plc has a one year low of $86.82 and a one year high of $131.55.

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

CRH Announces Dividend

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

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.