Concentric Capital Strategies LP Reduces Stock Position in Crh Plc $CRH

Concentric Capital Strategies LP lessened its stake in Crh Plc (NYSE:CRH) by 61.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 51,139 shares of the construction company’s stock after selling 80,073 shares during the quarter. Concentric Capital Strategies LP’s holdings in CRH were worth $6,382,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CRH by 680.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after purchasing an additional 103,962 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in CRH by 28.1% during the third quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock worth $120,744,000 after buying an additional 221,107 shares during the period. TD Asset Management Inc boosted its position in CRH by 41.0% during the 3rd quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company’s stock valued at $330,778,000 after acquiring an additional 802,156 shares in the last quarter. Pacific Capital Partners Ltd increased its holdings in shares of CRH by 47.1% in the 4th quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock valued at $5,460,000 after acquiring an additional 14,000 shares during the period. Finally, Lansdowne Partners UK LLP raised its position in shares of CRH by 23.4% in the 3rd quarter. Lansdowne Partners UK LLP now owns 648,129 shares of the construction company’s stock worth $77,711,000 after acquiring an additional 122,915 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company lifted their price target on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.54.

CRH Trading Down 3.2%

CRH stock opened at $109.25 on Thursday. The firm has a market cap of $73.00 billion, a PE ratio of 20.23, a P/E/G ratio of 1.96 and a beta of 1.31. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The stock’s 50 day simple moving average is $109.88 and its two-hundred day simple moving average is $115.84.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts forecast that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s payout ratio is 28.89%.

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.