Lighthouse Investment Partners LLC Purchases 40,292 Shares of Crh Plc $CRH

Lighthouse Investment Partners LLC raised its position in shares of Crh Plc (NYSE:CRH) by 97.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,531 shares of the construction company’s stock after purchasing an additional 40,292 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in CRH were worth $9,776,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jain Global LLC grew its holdings in shares of CRH by 749.5% during the third quarter. Jain Global LLC now owns 400,467 shares of the construction company’s stock valued at $48,016,000 after buying an additional 353,324 shares during the last quarter. HighVista Strategies LLC purchased a new position in CRH in the 3rd quarter worth approximately $2,331,000. Hilltop Holdings Inc. lifted its position in CRH by 19.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 8,656 shares of the construction company’s stock valued at $1,038,000 after acquiring an additional 1,384 shares in the last quarter. Hollow Brook Wealth Management LLC lifted its position in CRH by 5.5% in the 3rd quarter. Hollow Brook Wealth Management LLC now owns 28,746 shares of the construction company’s stock valued at $3,447,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in CRH by 3.5% during the 3rd quarter. Focus Partners Wealth now owns 318,093 shares of the construction company’s stock valued at $38,164,000 after purchasing an additional 10,636 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRH. UBS Group boosted their price target on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. BNP Paribas Exane raised CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Citigroup upped their target price on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

CRH Price Performance

Shares of CRH opened at $99.74 on Monday. The firm has a market capitalization of $66.65 billion, a P/E ratio of 18.07, a PEG ratio of 1.74 and a beta of 1.33. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The business has a fifty day moving average of $120.94 and a 200 day moving average of $118.90.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts expect 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. Investors of record on Friday, March 6th will be issued a $0.39 dividend. 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 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s payout ratio is 28.26%.

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.