Bornite Capital Management LP Raises Position in Crh Plc $CRH

Bornite Capital Management LP lifted its stake in Crh Plc (NYSE:CRH) by 30.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,800 shares of the construction company’s stock after acquiring an additional 108,700 shares during the period. CRH makes up about 5.2% of Bornite Capital Management LP’s holdings, making the stock its 6th largest holding. Bornite Capital Management LP owned 0.07% of CRH worth $56,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. NewEdge Advisors LLC grew its holdings in CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares in the last quarter. Empowered Funds LLC grew its stake in CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after acquiring an additional 1,579 shares during the period. New York State Teachers Retirement System lifted its stake in CRH by 15.7% in the 2nd quarter. New York State Teachers Retirement System now owns 29,091 shares of the construction company’s stock worth $2,671,000 after purchasing an additional 3,952 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in CRH by 7.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,218 shares of the construction company’s stock worth $295,000 after purchasing an additional 222 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Up 2.3%

Shares of CRH stock opened at $124.86 on Thursday. The firm has a market capitalization of $83.69 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.33. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The business’s 50-day moving average price is $125.28 and its 200-day moving average price is $118.29.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.68). CRH had a return on equity of 16.25% and a net margin of 9.30%.The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior year, the company earned $1.02 EPS. The firm’s quarterly 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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CRH shares. Longbow Research initiated coverage on shares of CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a report on Monday, December 1st. BNP Paribas Exane raised CRH to a “strong-buy” rating in a report on Friday, January 23rd. Finally, UBS Group raised their target price on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.87.

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.