Wellspring Financial Advisors LLC Boosts Stake in Crh Plc $CRH

Wellspring Financial Advisors LLC boosted its stake in shares of Crh Plc (NYSE:CRH) by 226.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,627 shares of the construction company’s stock after buying an additional 5,985 shares during the period. Wellspring Financial Advisors LLC’s holdings in CRH were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CRH. Zions Bancorporation National Association UT increased its position in shares of CRH by 7.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 8,277 shares of the construction company’s stock worth $1,033,000 after purchasing an additional 567 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of CRH by 5.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 48,877 shares of the construction company’s stock worth $6,100,000 after purchasing an additional 2,354 shares in the last quarter. Metis Global Partners LLC increased its position in shares of CRH by 63.8% during the fourth quarter. Metis Global Partners LLC now owns 34,318 shares of the construction company’s stock worth $4,283,000 after purchasing an additional 13,364 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of CRH by 3.4% during the fourth quarter. Allianz Asset Management GmbH now owns 733,279 shares of the construction company’s stock worth $91,513,000 after purchasing an additional 24,229 shares in the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of CRH by 59.8% during the fourth quarter. GW&K Investment Management LLC now owns 810 shares of the construction company’s stock worth $101,000 after purchasing an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

NYSE:CRH opened at $100.17 on Thursday. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The firm has a market cap of $66.93 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.80 and a beta of 1.31. The firm’s fifty day moving average is $109.55 and its two-hundred day moving average is $116.08.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) 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 company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH’s 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, equities research analysts predict that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio is presently 28.89%.

Wall Street Analysts Forecast Growth

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

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.