L1 Capital International Pty Ltd Boosts Stock Holdings in Crh Plc $CRH

L1 Capital International Pty Ltd grew its position in shares of Crh Plc (NYSE:CRH) by 339.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,183,012 shares of the construction company’s stock after buying 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 owned 0.18% of CRH worth $147,640,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new position in shares of CRH during the 4th quarter worth approximately $25,000. Harbor Investment Advisory LLC lifted its position in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of CRH during the 4th quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. lifted its position in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of CRH during the 4th quarter worth approximately $37,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CRH shares. DA Davidson set a $120.00 target price on shares of CRH in a research report on Friday, February 20th. Weiss Ratings lowered 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 target on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, 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. Two research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Stock Up 1.5%

Shares of CRH stock opened at $106.41 on Friday. The company has a 50 day moving average of $109.55 and a 200-day moving average of $115.98. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The firm has a market cap of $71.11 billion, a P/E ratio of 19.71, a PEG ratio of 1.82 and a beta of 1.31.

CRH (NYSE:CRH) last released its quarterly earnings data 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 firm’s quarterly 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 analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

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