Bornite Capital Management LP Takes Position in Crh Plc $CRH

Bornite Capital Management LP purchased a new position in Crh Plc (NYSE:CRH) during the second quarter, Holdings Channel.com reports. The fund purchased 361,100 shares of the construction company’s stock, valued at approximately $33,149,000. CRH accounts for 3.3% of Bornite Capital Management LP’s portfolio, making the stock its 17th largest position.

Several other institutional investors have also bought and sold shares of the company. Concurrent Investment Advisors LLC bought a new position in CRH during the first quarter valued at $305,000. Alps Advisors Inc. purchased a new position in shares of CRH during the 1st quarter valued at $325,000. Cerity Partners LLC grew its stake in shares of CRH by 2.0% during the 1st quarter. Cerity Partners LLC now owns 172,619 shares of the construction company’s stock worth $15,185,000 after acquiring an additional 3,371 shares during the period. Xponance Inc. grew its stake in shares of CRH by 3.9% during the 1st quarter. Xponance Inc. now owns 71,234 shares of the construction company’s stock worth $6,266,000 after acquiring an additional 2,705 shares during the period. Finally, Diversify Wealth Management LLC increased its holdings in CRH by 11.8% in the 1st quarter. Diversify Wealth Management LLC now owns 12,592 shares of the construction company’s stock worth $1,177,000 after acquiring an additional 1,327 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CRH. Truist Financial upped their price objective on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Barclays boosted their price target on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Wells Fargo & Company cut their price objective on shares of CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a report on Friday. Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Royal Bank Of Canada lowered their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $127.43.

CRH Trading Down 1.5%

CRH stock opened at $113.01 on Friday. The firm’s 50 day simple moving average is $115.75 and its 200 day simple moving average is $103.73. The firm has a market capitalization of $76.02 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. Crh Plc has a 1-year low of $76.75 and a 1-year high of $121.99.

CRH (NYSE:CRH) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Research analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 21st. CRH’s dividend payout ratio is currently 22.11%.

CRH Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.