AXQ Capital LP Makes New Investment in Crh Plc $CRH

AXQ Capital LP acquired a new stake in shares of Crh Plc (NYSE:CRH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,679 shares of the construction company’s stock, valued at approximately $1,041,000.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in CRH during the second quarter valued at approximately $1,007,932,000. Eleva Capital SAS purchased a new stake in CRH in the second quarter valued at $250,562,000. Massachusetts Financial Services Co. MA grew its position in CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Marshall Wace LLP raised its position in CRH by 45.3% during the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after acquiring an additional 1,881,550 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of CRH by 229.0% in the 3rd quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock valued at $217,154,000 after purchasing an additional 1,260,558 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CRH shares. UBS Group lifted their price target on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Finally, Citigroup upped their price target on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CRH presently has a consensus rating of “Moderate Buy” and an average price target of $136.27.

CRH Stock Down 2.2%

CRH stock opened at $121.32 on Tuesday. The firm has a market cap of $81.32 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33. The company’s 50 day moving average is $125.09 and its two-hundred day moving average is $118.92. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55.

CRH (NYSE:CRH) last released its 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). 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 analysts’ expectations of $11.15 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The firm’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. On average, equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The business 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. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 6th. CRH’s payout ratio is currently 20.11%.

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.