Blue Grotto Capital LLC Has $43.07 Million Stock Holdings in Crh Plc $CRH

Blue Grotto Capital LLC cut its position in shares of Crh Plc (NYSE:CRH) by 4.8% during the 3rd quarter, Holdings Channel reports. The firm owned 359,207 shares of the construction company’s stock after selling 18,140 shares during the period. CRH comprises 5.0% of Blue Grotto Capital LLC’s investment portfolio, making the stock its 7th largest position. Blue Grotto Capital LLC’s holdings in CRH were worth $43,069,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. L2 Asset Management LLC boosted its stake in CRH by 3.0% during the second quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock valued at $278,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. lifted its holdings in CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after acquiring an additional 92 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of CRH by 2.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after purchasing an additional 96 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its position in shares of CRH by 3.4% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock valued at $370,000 after purchasing an additional 100 shares in the last quarter. Finally, Shepherd Financial Partners LLC grew its stake in shares of CRH by 0.3% in the 3rd quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

CRH has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research note on Monday, December 1st. Wells Fargo & Company boosted their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. JPMorgan Chase & Co. increased their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. Finally, Citigroup boosted their price target on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average price target of $137.86.

CRH Price Performance

CRH stock opened at $99.61 on Friday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The business has a 50 day simple moving average of $121.47 and a 200 day simple moving average of $118.92. The company has a market capitalization of $66.56 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.82 and a beta of 1.33.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share 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 firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period in the previous year, the business posted $1.02 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. CRH’s payout ratio is 28.26%.

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.