Tyro Capital Management LLC Buys 22,935 Shares of Crh Plc $CRH

Tyro Capital Management LLC boosted its stake in Crh Plc (NYSE:CRH) by 6.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 360,495 shares of the construction company’s stock after acquiring an additional 22,935 shares during the quarter. CRH comprises 16.1% of Tyro Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Tyro Capital Management LLC’s holdings in CRH were worth $43,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRH. United Community Bank increased its holdings in CRH by 359.6% during the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after purchasing an additional 187 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares in the last quarter. Cornerstone Planning Group LLC boosted 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 buying an additional 156 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of CRH during the third quarter worth about $32,000. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of CRH by 60.6% during the third quarter. Physician Wealth Advisors Inc. now owns 350 shares of the construction company’s stock worth $42,000 after buying an additional 132 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Up 0.0%

NYSE CRH opened at $106.45 on Tuesday. The firm has a market capitalization of $71.13 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. The firm’s fifty day moving average price is $122.79 and its two-hundred day moving average price is $119.21. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55.

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). 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 business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. CRH’s dividend payout ratio is 28.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group lifted their target price on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Longbow Research assumed coverage on shares of CRH in a research note on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Citigroup boosted their price objective on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

CRH Company 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.