Fifth Lane Capital LP Buys New Position in Crh Plc $CRH

Fifth Lane Capital LP acquired a new stake in shares of Crh Plc (NYSE:CRH) during the third quarter, Holdings Channel.com reports. The fund acquired 10,000 shares of the construction company’s stock, valued at approximately $1,199,000. CRH accounts for 1.0% of Fifth Lane Capital LP’s holdings, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Creekmur Asset Management LLC purchased a new stake in CRH during the 2nd quarter worth $27,000. United Community Bank grew its stake in shares of CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after acquiring an additional 187 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares in the last quarter. Cornerstone Planning Group LLC increased its position in shares of CRH by 139.3% during the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after acquiring an additional 156 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of CRH in the third quarter worth about $32,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of CRH opened at $121.10 on Friday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $131.55. The stock has a market capitalization of $81.17 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.10 and a beta of 1.33. The firm’s 50 day moving average is $124.82 and its 200-day moving average is $119.03.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the previous year, the business posted $1.02 earnings per share. The company’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, equities research analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 1st. Citigroup lifted their price target on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.27.

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.