Crh Plc $CRH Shares Acquired by Hiddenite Capital Partners LP

Hiddenite Capital Partners LP grew its stake in Crh Plc (NYSE:CRH) by 110.0% during the 4th quarter, Holdings Channel reports. The firm owned 168,000 shares of the construction company’s stock after purchasing an additional 88,000 shares during the quarter. CRH makes up approximately 2.7% of Hiddenite Capital Partners LP’s investment portfolio, making the stock its 12th largest position. Hiddenite Capital Partners LP’s holdings in CRH were worth $20,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in CRH by 24.7% during the third quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after acquiring an additional 448,860 shares during the last quarter. Cibc World Market Inc. boosted its position in CRH by 36.2% during the third quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after acquiring an additional 14,985 shares during the last quarter. Exane Asset Management boosted its position in CRH by 21.2% during the third quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock worth $80,735,000 after acquiring an additional 116,178 shares during the last quarter. SouthState Bank Corp boosted its position in CRH by 20,243.5% during the third quarter. SouthState Bank Corp now owns 21,971 shares of the construction company’s stock worth $2,634,000 after acquiring an additional 21,863 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its position in CRH by 77.5% during the third quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock worth $4,086,000 after acquiring an additional 14,877 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRH shares. DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. Wells Fargo & Company boosted their price target on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Price Performance

NYSE:CRH opened at $103.40 on Friday. The firm has a market capitalization of $69.09 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.80 and a beta of 1.36. The company’s 50-day moving average is $109.58 and its two-hundred day moving average is $117.41. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55.

CRH (NYSE:CRH) last posted its 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 company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities analysts anticipate that Crh Plc will post 5.9 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s payout ratio is presently 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.