Hiddenite Capital Partners LP Raises Stock Position in Crh Plc $CRH

Hiddenite Capital Partners LP lifted its stake in shares of Crh Plc (NYSE:CRH) by 110.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 168,000 shares of the construction company’s stock after acquiring an additional 88,000 shares during the quarter. CRH makes up approximately 2.7% of Hiddenite Capital Partners LP’s holdings, making the stock its 12th biggest holding. Hiddenite Capital Partners LP’s holdings in CRH were worth $20,966,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CRH. JFS Wealth Advisors LLC raised its holdings in shares of CRH by 12.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock worth $99,000 after purchasing an additional 86 shares during the last quarter. PDS Planning Inc raised its holdings in shares of CRH by 2.3% during the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock worth $499,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. increased its holdings in CRH by 34.8% in the third 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 in the last quarter. Crossmark Global Holdings Inc. increased its holdings in CRH by 2.4% in the third 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 in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CRH. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 price objective on shares of CRH in a report on Friday, February 20th. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. Wells Fargo & Company lifted their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.54.

CRH Stock Performance

CRH opened at $103.40 on Friday. The company has a fifty day moving average of $109.58 and a two-hundred day moving average of $117.41. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock has a market capitalization of $69.09 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.80 and a beta of 1.36.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The business’s revenue for the quarter 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, equities research analysts forecast that Crh Plc will post 5.9 earnings per share for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is 28.89%.

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.