Crh Plc $CRH Shares Bought by Eleva Capital SAS

Eleva Capital SAS grew its holdings in shares of Crh Plc (NYSE:CRH) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,885,796 shares of the construction company’s stock after purchasing an additional 156,374 shares during the quarter. CRH makes up about 91.3% of Eleva Capital SAS’s investment portfolio, making the stock its biggest position. Eleva Capital SAS owned 0.43% of CRH worth $346,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of CRH by 24.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after acquiring an additional 448,860 shares during the period. Park Avenue Securities LLC purchased a new position in CRH during the third quarter worth approximately $4,491,000. Exane Asset Management boosted its holdings in shares of CRH by 21.2% in the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after purchasing an additional 116,178 shares during the last quarter. Cibc World Market Inc. boosted its holdings in shares of CRH by 36.2% in the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after purchasing an additional 14,985 shares during the last quarter. Finally, Dynasty Wealth Management LLC grew its stake in shares of CRH by 77.5% during the 3rd quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock valued at $4,086,000 after buying an additional 14,877 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE:CRH opened at $124.07 on Monday. The business’s 50-day simple moving average is $125.20 and its 200 day simple moving average is $118.82. The company has a market cap of $83.16 billion, a P/E ratio of 22.48, a PEG ratio of 2.03 and a beta of 1.33. Crh Plc has a one year low of $76.75 and a one year high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be paid a dividend of $0.39 per share. This is a positive change from CRH’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.56 annualized dividend and a yield of 1.3%. CRH’s payout ratio is presently 20.11%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRH. Royal Bank Of Canada reduced their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Longbow Research assumed coverage on CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 1st. Finally, UBS Group boosted their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.27.

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.