Findlay Park Partners LLP Trims Position in Crh Plc $CRH

Findlay Park Partners LLP lowered its stake in Crh Plc (NYSE:CRH) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,422,811 shares of the construction company’s stock after selling 44,100 shares during the quarter. CRH comprises approximately 3.1% of Findlay Park Partners LLP’s holdings, making the stock its 6th largest holding. Findlay Park Partners LLP owned 0.36% of CRH worth $290,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of CRH in the third quarter worth about $951,000. TIAA Trust National Association bought a new stake in CRH in the 3rd quarter worth approximately $227,000. Fifth Lane Capital LP purchased a new stake in shares of CRH during the 3rd quarter worth approximately $1,199,000. Artisan Partners Limited Partnership bought a new position in shares of CRH during the 3rd quarter valued at approximately $295,798,000. Finally, Diversify Wealth Management LLC grew its holdings in shares of CRH by 3.5% in the third quarter. Diversify Wealth Management LLC now owns 13,448 shares of the construction company’s stock valued at $1,592,000 after purchasing an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH opened at $119.88 on Friday. The stock’s 50 day moving average price is $124.71 and its 200-day moving average price is $119.12. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The stock has a market cap of $80.11 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 2.12 and a beta of 1.33.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.68). CRH had a net margin of 10.02% and a return on equity of 15.98%. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period last year, the company earned $1.02 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. CRH’s dividend payout ratio (DPR) is 20.11%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 1st. Morgan Stanley increased their price target on shares of CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Wells Fargo & Company lifted their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Finally, Citigroup lifted their target price on CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.43.

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.