Aspire Private Capital LLC Invests $1.85 Million in Crh Plc $CRH

Aspire Private Capital LLC bought a new stake in shares of Crh Plc (NYSE:CRH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,439 shares of the construction company’s stock, valued at approximately $1,851,000.

A number of other large investors have also recently added to or reduced their stakes in CRH. L2 Asset Management LLC increased its position in CRH by 3.0% in the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of CRH by 34.8% during the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after buying an additional 92 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of CRH by 2.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after buying an additional 96 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its stake in shares of CRH by 3.4% in the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock valued at $370,000 after buying an additional 100 shares in the last quarter. Finally, Shepherd Financial Partners LLC grew its stake in shares of CRH by 0.3% in the 3rd quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock valued at $4,060,000 after buying an additional 106 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRH shares. Morgan Stanley raised their price objective on shares of CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Citigroup boosted their target price 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. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Longbow Research began coverage on shares of CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target on the stock. Finally, DA Davidson set a $120.00 price objective on shares of CRH in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

CRH Price Performance

CRH stock opened at $104.84 on Wednesday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The stock has a market capitalization of $70.06 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.80 and a beta of 1.33. The business’s fifty day moving average price is $119.95 and its two-hundred day moving average price is $118.77.

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

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. This is an increase from CRH’s previous quarterly dividend of $0.37. CRH’s payout ratio is presently 28.26%.

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.