Baupost Group LLC MA Lowers Holdings in Crh Plc $CRH

Baupost Group LLC MA trimmed its holdings in Crh Plc (NYSE:CRH) by 68.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,072,957 shares of the construction company’s stock after selling 2,310,438 shares during the period. CRH accounts for about 2.5% of Baupost Group LLC MA’s portfolio, making the stock its 15th largest position. Baupost Group LLC MA’s holdings in CRH were worth $133,905,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CRH. Board of the Pension Protection Fund bought a new stake in shares of CRH in the fourth quarter worth about $25,000. Harbor Investment Advisory LLC increased its holdings in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of CRH in the fourth quarter worth about $26,000. Riggs Asset Managment Co. Inc. increased its holdings in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of CRH in the fourth quarter worth about $37,000. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

Shares of NYSE CRH opened at $106.41 on Friday. The business’s 50 day moving average is $109.55 and its two-hundred day moving average is $115.98. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55. The stock has a market capitalization of $71.11 billion, a P/E ratio of 19.71, a PEG ratio of 1.85 and a beta of 1.31.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. The firm’s 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. As a group, equities research analysts anticipate that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders 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 yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s payout ratio is presently 28.89%.

Wall Street Analyst Weigh In

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

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.