Crh Plc $CRH Shares Sold by Voss Capital LP

Voss Capital LP reduced its position in Crh Plc (NYSE:CRH) by 61.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 85,809 shares of the construction company’s stock after selling 139,191 shares during the period. CRH accounts for about 0.5% of Voss Capital LP’s holdings, making the stock its 28th biggest holding. Voss Capital LP’s holdings in CRH were worth $10,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CRH. Vanguard Group Inc. lifted its holdings in shares of CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after purchasing an additional 14,623,673 shares during the last quarter. Norges Bank purchased a new stake in shares of CRH in the 4th quarter valued at about $1,476,939,000. Geode Capital Management LLC lifted its holdings in shares of CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after purchasing an additional 5,916,930 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of CRH in the 3rd quarter valued at about $295,798,000. Finally, National Pension Service purchased a new stake in shares of CRH in the 4th quarter valued at about $258,172,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company boosted their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. DA Davidson set a $120.00 price objective on CRH in a research note on Friday, February 20th. Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Two investment 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 company. Based on data from MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and an average target price of $139.54.

CRH Stock Up 1.5%

CRH opened at $106.41 on Friday. The business has a 50 day moving average price of $109.55 and a two-hundred day moving average price of $115.98. The company has a market cap of $71.11 billion, a PE ratio of 19.71, a P/E/G ratio of 1.82 and a beta of 1.31. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data 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 firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm’s quarterly 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, sell-side analysts expect that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

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