Lansdowne Partners UK LLP Buys 122,915 Shares of Crh Plc $CRH

Lansdowne Partners UK LLP boosted its stake in Crh Plc (NYSE:CRH) by 23.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 648,129 shares of the construction company’s stock after purchasing an additional 122,915 shares during the quarter. CRH comprises about 5.1% of Lansdowne Partners UK LLP’s holdings, making the stock its 7th biggest position. Lansdowne Partners UK LLP owned 0.10% of CRH worth $77,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. London Co. of Virginia boosted its position in shares of CRH by 164.7% during the 3rd quarter. London Co. of Virginia now owns 39,941 shares of the construction company’s stock worth $4,789,000 after purchasing an additional 24,849 shares in the last quarter. Lido Advisors LLC grew its stake in shares of CRH by 5.2% in the 3rd quarter. Lido Advisors LLC now owns 6,356 shares of the construction company’s stock valued at $762,000 after buying an additional 316 shares during the period. Lighthouse Investment Partners LLC increased its position in CRH by 97.7% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 81,531 shares of the construction company’s stock valued at $9,776,000 after buying an additional 40,292 shares in the last quarter. Jain Global LLC increased its position in CRH by 749.5% in the 3rd 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 in the last quarter. Finally, HighVista Strategies LLC acquired a new position in CRH during the 3rd quarter worth approximately $2,331,000. 62.50% of the stock is owned by institutional investors.

CRH Stock Performance

CRH stock opened at $103.04 on Tuesday. The business has a 50-day simple moving average of $120.43 and a two-hundred day simple moving average of $118.83. The company has a market capitalization of $68.86 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.33. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55.

CRH (NYSE:CRH) last issued its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the company earned $1.02 earnings per share. The business’s revenue for the quarter 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, sell-side analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on CRH shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Longbow Research initiated coverage on CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price on the stock. UBS Group increased their target price on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Citigroup lifted their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average price target of $137.86.

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.