SummitTX Capital L.P. Grows Stake in Crh Plc $CRH

SummitTX Capital L.P. grew its stake in shares of Crh Plc (NYSE:CRH) by 13.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,777 shares of the construction company’s stock after purchasing an additional 14,191 shares during the quarter. SummitTX Capital L.P.’s holdings in CRH were worth $12,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CRH. Flagship Harbor Advisors LLC purchased a new stake in shares of CRH during the 4th quarter valued at about $26,000. Riggs Asset Managment Co. Inc. boosted its holdings in CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after acquiring an additional 312 shares during the period. Bell Investment Advisors Inc grew its position in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after acquiring an additional 103 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in CRH in the fourth quarter valued at approximately $33,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of CRH during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CRH. Wells Fargo & Company reduced their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group upped their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $141.19.

CRH Trading Up 0.1%

CRH stock opened at $99.99 on Monday. The firm has a 50 day simple moving average of $105.41 and a 200-day simple moving average of $112.21. The company has a market capitalization of $66.81 billion, a P/E ratio of 18.52, a PEG ratio of 1.72 and a beta of 1.32. Crh Plc has a twelve month low of $93.58 and a twelve month high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating 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 firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts predict that Crh Plc will post 5.96 EPS for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were given a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. CRH’s dividend payout ratio is currently 28.89%.

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.