Bornite Capital Management LP Trims Stock Holdings in Crh Plc $CRH

Bornite Capital Management LP lowered its holdings in Crh Plc (NYSE:CRH) by 31.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 319,800 shares of the construction company’s stock after selling 150,000 shares during the period. CRH comprises 3.9% of Bornite Capital Management LP’s portfolio, making the stock its 12th largest position. Bornite Capital Management LP’s holdings in CRH were worth $39,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new position in CRH in the fourth quarter valued at about $25,000. Harbor Investment Advisory LLC boosted 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 purchasing an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in CRH in the fourth quarter valued at about $26,000. Riggs Asset Managment Co. Inc. boosted its holdings in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in CRH in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

CRH Stock Up 1.5%

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 52 week low of $86.82 and a 52 week high of $131.55. The company has a market cap of $71.11 billion, a PE ratio of 19.71, a P/E/G ratio of 1.85 and a beta of 1.31.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $7.07 billion. The company’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. As a group, sell-side analysts expect that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio (DPR) 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.