Cannell & Spears LLC Cuts Stake in Crh Plc $CRH

Cannell & Spears LLC reduced its position in Crh Plc (NYSE:CRH) by 11.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 680,082 shares of the construction company’s stock after selling 87,867 shares during the period. CRH accounts for 1.5% of Cannell & Spears LLC’s portfolio, making the stock its 14th biggest position. Cannell & Spears LLC’s holdings in CRH were worth $81,542,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capula Management Ltd grew its holdings in CRH by 15.2% during the 3rd quarter. Capula Management Ltd now owns 69,876 shares of the construction company’s stock worth $8,378,000 after acquiring an additional 9,203 shares in the last quarter. Clark Capital Management Group Inc. increased its position in CRH by 1.8% during the 3rd quarter. Clark Capital Management Group Inc. now owns 1,092,975 shares of the construction company’s stock valued at $131,048,000 after purchasing an additional 19,831 shares during the period. Bamco Inc. NY raised its holdings in shares of CRH by 2.3% in the 3rd quarter. Bamco Inc. NY now owns 842,734 shares of the construction company’s stock valued at $101,044,000 after purchasing an additional 18,569 shares in the last quarter. Bridgefront Capital LLC raised its holdings in shares of CRH by 10.7% in the 3rd quarter. Bridgefront Capital LLC now owns 16,778 shares of the construction company’s stock valued at $2,012,000 after purchasing an additional 1,626 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of CRH by 5.3% in the 3rd quarter. California Public Employees Retirement System now owns 1,235,443 shares of the construction company’s stock worth $148,130,000 after purchasing an additional 62,271 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Up 0.0%

Shares of CRH stock opened at $99.74 on Friday. The company has a market cap of $66.65 billion, a P/E ratio of 18.07, a PEG ratio of 1.74 and a beta of 1.33. The firm’s 50 day moving average price is $120.94 and its 200-day moving average price is $118.86. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 EPS. 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 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. This is a boost from CRH’s previous quarterly dividend of $0.37. CRH’s dividend payout ratio (DPR) is currently 28.26%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent research reports. Longbow Research started coverage on shares of CRH in a research note on Tuesday, December 16th. They set a “buy” rating and a $160.00 price objective on the stock. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Citigroup upped 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. Wells Fargo & Company increased their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

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.