Brasada Capital Management LP Boosts Position in Crh Plc $CRH

Brasada Capital Management LP raised its position in shares of Crh Plc (NYSE:CRH) by 7.1% during the fourth quarter, HoldingsChannel reports. The fund owned 164,148 shares of the construction company’s stock after acquiring an additional 10,843 shares during the quarter. CRH accounts for approximately 3.5% of Brasada Capital Management LP’s investment portfolio, making the stock its 4th largest holding. Brasada Capital Management LP’s holdings in CRH were worth $20,755,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Board of the Pension Protection Fund purchased a new stake in shares of CRH during the fourth quarter valued at $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of CRH during the fourth quarter valued at $26,000. Harbor Investment Advisory LLC boosted its stake in shares of CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of CRH by 29,400.0% during the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after purchasing an additional 294 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in shares of CRH during the fourth quarter valued at $37,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRH. DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. 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 research note on Tuesday, March 3rd. Finally, Wells Fargo & Company upped their price objective on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.54.

CRH Stock Performance

CRH stock opened at $106.41 on Friday. The firm has a market cap of $71.11 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.85 and a beta of 1.31. The firm has a 50-day simple moving average of $109.55 and a two-hundred day simple moving average of $115.98. Crh Plc has a one year low of $86.82 and a one year high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion during 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% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities analysts predict that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio is presently 28.89%.

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.