Blue Grotto Capital LLC Acquires 89,002 Shares of Crh Plc $CRH

Blue Grotto Capital LLC raised its holdings in Crh Plc (NYSE:CRH) by 24.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 448,209 shares of the construction company’s stock after buying an additional 89,002 shares during the period. CRH accounts for about 5.7% of Blue Grotto Capital LLC’s portfolio, making the stock its 5th largest holding. Blue Grotto Capital LLC’s holdings in CRH were worth $55,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in shares of CRH in the 4th quarter valued at about $25,000. Harbor Investment Advisory LLC grew its position in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of CRH in the 4th quarter valued at about $26,000. Riggs Asset Managment Co. Inc. grew its position in shares of CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the period. Finally, Elyxium Wealth LLC bought a new position in shares of CRH in the 4th quarter valued at about $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRH has been the subject of a number of analyst reports. DA Davidson set a $120.00 price objective on shares of CRH in a research report on Friday, February 20th. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company lifted their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Stock Performance

Shares of CRH stock opened at $109.77 on Tuesday. The company has a market capitalization of $73.35 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.85 and a beta of 1.31. The company has a 50-day simple moving average of $109.66 and a 200 day simple moving average of $115.96. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Sell-side analysts forecast that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. 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.