Hudson Bay Capital Management LP Sells 42,809 Shares of Crh Plc $CRH

Hudson Bay Capital Management LP cut its position in Crh Plc (NYSE:CRH) by 81.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the construction company’s stock after selling 42,809 shares during the quarter. Hudson Bay Capital Management LP’s holdings in CRH were worth $1,199,000 as of its most recent SEC filing.

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

CRH Price Performance

NYSE:CRH opened at $100.41 on Monday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The stock’s fifty day moving average price is $118.44 and its two-hundred day moving average price is $118.54. The company has a market cap of $67.10 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.76 and a beta of 1.33.

CRH (NYSE:CRH) last announced 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 business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the prior year, the company earned $1.02 earnings per share. CRH’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. On average, analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th 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 1.6%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. CRH’s payout ratio is presently 28.26%.

Analysts Set New Price Targets

CRH has been the topic of several research analyst reports. UBS Group boosted their price objective on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 1st. Longbow Research assumed coverage on CRH in a research note on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, Morgan Stanley raised their price objective on shares of CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Two 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.86.

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.