Crh Plc $CRH Stock Position Decreased by Entropy Technologies LP

Entropy Technologies LP trimmed its stake in Crh Plc (NYSE:CRH) by 63.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,694 shares of the construction company’s stock after selling 59,059 shares during the quarter. Entropy Technologies LP’s holdings in CRH were worth $3,542,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of CRH by 64.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 376,384 shares of the construction company’s stock valued at $39,565,000 after purchasing an additional 147,403 shares during the period. Renaissance Technologies LLC acquired a new stake in CRH during the 1st quarter worth about $79,124,000. Modern Wealth Management LLC lifted its stake in CRH by 6.6% during the first quarter. Modern Wealth Management LLC now owns 2,260 shares of the construction company’s stock valued at $240,000 after buying an additional 139 shares in the last quarter. Keebeck Wealth Management purchased a new stake in CRH during the first quarter valued at about $220,000. Finally, Cloverfields Capital Group LP boosted its holdings in shares of CRH by 0.3% in the first quarter. Cloverfields Capital Group LP now owns 37,937 shares of the construction company’s stock worth $3,988,000 after buying an additional 117 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of CRH opened at $99.99 on Friday. The business’s 50-day moving average is $105.41 and its 200-day moving average is $112.33. The company has a market capitalization of $66.81 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.72 and a beta of 1.32. Crh Plc has a fifty-two week low of $93.58 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations 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. Equities research analysts expect that Crh Plc will post 5.96 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. CRH’s dividend payout ratio is presently 28.89%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Morgan Stanley restated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company decreased their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Jefferies Financial Group lifted their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two 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 company. According to MarketBeat.com, CRH has an average rating of “Buy” and a consensus price target of $141.19.

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.