Egerton Capital UK LLP Has $282.18 Million Stake in Crh Plc $CRH

Egerton Capital UK LLP decreased its position in shares of Crh Plc (NYSE:CRH) by 46.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,261,060 shares of the construction company’s stock after selling 1,999,786 shares during the period. CRH accounts for 3.1% of Egerton Capital UK LLP’s investment portfolio, making the stock its 12th biggest holding. Egerton Capital UK LLP’s holdings in CRH were worth $282,180,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. JFS Wealth Advisors LLC lifted its stake in shares of CRH by 12.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after buying an additional 86 shares during the period. PDS Planning Inc lifted 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 worth $499,000 after purchasing an additional 89 shares during the period. Crossmark Global Holdings Inc. lifted its stake 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 purchasing an additional 96 shares during the period. Harbor Investment Advisory LLC lifted its stake 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 purchasing an additional 99 shares during the period. Finally, Sound View Wealth Advisors Group LLC lifted its stake in CRH by 3.4% during the third quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock worth $370,000 after purchasing an additional 100 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

CRH has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Weiss Ratings cut shares of 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. raised their price objective on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Finally, DA Davidson set a $120.00 price objective on shares of CRH in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Price Performance

Shares of CRH stock opened at $105.10 on Monday. The firm has a market cap of $70.23 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.83 and a beta of 1.31. The firm has a 50 day simple moving average of $109.57 and a 200 day simple moving average of $116.24. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share 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 business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. The company’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, sell-side analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

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