Fieldview Capital Management LLC Cuts Holdings in Crh Plc $CRH

Fieldview Capital Management LLC decreased its position in shares of Crh Plc (NYSE:CRH) by 81.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,087 shares of the construction company’s stock after selling 30,955 shares during the period. Fieldview Capital Management LLC’s holdings in CRH were worth $884,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in CRH by 680.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock worth $14,881,000 after acquiring an additional 103,962 shares in the last quarter. TD Asset Management Inc grew its position in CRH by 41.0% in the third quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company’s stock worth $330,778,000 after acquiring an additional 802,156 shares in the last quarter. BNP Paribas Financial Markets grew its position in CRH by 28.1% in the third quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock worth $120,744,000 after acquiring an additional 221,107 shares in the last quarter. Pacific Capital Partners Ltd grew its position in CRH by 47.1% in the fourth quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock worth $5,460,000 after acquiring an additional 14,000 shares in the last quarter. Finally, Lansdowne Partners UK LLP grew its position in CRH by 23.4% in the third quarter. Lansdowne Partners UK LLP now owns 648,129 shares of the construction company’s stock worth $77,711,000 after acquiring an additional 122,915 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CRH Stock Performance

CRH stock opened at $106.41 on Monday. The company has a 50 day moving average price of $109.55 and a 200-day moving average price of $116.00. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The company has a market capitalization of $71.11 billion, a PE ratio of 19.71, a P/E/G ratio of 1.85 and a beta of 1.31.

CRH (NYSE:CRH) last posted its quarterly 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. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. The company’s quarterly 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. On average, analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s payout ratio is currently 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.