Concentric Capital Strategies LP Sells 80,073 Shares of Crh Plc $CRH

Concentric Capital Strategies LP cut its holdings in shares of Crh Plc (NYSE:CRH) by 61.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,139 shares of the construction company’s stock after selling 80,073 shares during the period. Concentric Capital Strategies LP’s holdings in CRH were worth $6,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. State Street Corp grew its stake in CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after purchasing an additional 11,167,189 shares during the period. Geode Capital Management LLC raised its holdings in CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in CRH by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock valued at $1,552,506,000 after buying an additional 78,769 shares during the period. Finally, Norges Bank bought a new stake in shares of CRH during the 4th quarter valued at $1,476,939,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CRH Stock Down 3.2%

Shares of NYSE:CRH opened at $109.25 on Thursday. The stock has a market capitalization of $73.00 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.31. The firm’s 50 day moving average price is $109.88 and its 200-day moving average price is $115.84. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55.

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

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.4%. The ex-dividend date was 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.