Voss Capital LP Cuts Holdings in Crh Plc $CRH

Voss Capital LP lessened its stake in shares of Crh Plc (NYSE:CRH) by 60.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,000 shares of the construction company’s stock after selling 350,000 shares during the quarter. CRH makes up about 1.3% of Voss Capital LP’s portfolio, making the stock its 21st biggest position. Voss Capital LP’s holdings in CRH were worth $26,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of CRH during the 2nd quarter worth $1,007,932,000. Artisan Partners Limited Partnership bought a new position in CRH in the third quarter worth about $295,798,000. Marshall Wace LLP raised its holdings in CRH by 45.3% in the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after purchasing an additional 1,881,550 shares in the last quarter. Alkeon Capital Management LLC purchased a new stake in shares of CRH during the third quarter valued at about $209,825,000. Finally, Citigroup Inc. lifted its position in shares of CRH by 229.0% during the third quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock valued at $217,154,000 after buying an additional 1,260,558 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Up 1.8%

CRH opened at $104.84 on Wednesday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55. The company has a market cap of $70.06 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.80 and a beta of 1.33. The firm’s 50-day moving average price is $119.95 and its 200-day moving average price is $118.77.

CRH (NYSE:CRH) last released its earnings results 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 company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $1.02 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be paid 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 annualized dividend and a dividend yield of 1.5%. CRH’s payout ratio is presently 28.26%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CRH shares. Citigroup lifted 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. Longbow Research initiated coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price for the company. Morgan Stanley raised their target price on shares of CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. 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.