Billionaire Dan Loeb’s Top Stock Picks

14. CRH plc (NYSE:CRH)

Number of Hedge Fund Holders: 80

Third Point’s Stake: $190.1 million

CRH plc (NYSE:CRH) is an international group of diversified building materials businesses whose headquarters is in Dublin, Ireland. The following elements demonstrate why this company is an excellent investment choice. Firstly, as per the report for the third quarter of 2024, the total revenues were 7% ahead of the third quarter of the prior year, benefitting from the acquisition of Adbri in July 2024 and partly offset by the divestiture of the European Lime operations. Additionally, Adjusted EBITDA was 24% ahead of the prior year, driven by good commercial management, lower energy costs, operational efficiencies and contributions from acquisitions, which are positive indicators for investors looking for operational strength. Moreover, the company has completed 12 acquisitions for a total consideration of $1.4 billion, compared with $0.4 billion in the same period of 2023. Americas Materials Solutions completed seven acquisitions, Americas Building Solutions completed three acquisitions, and Europe Materials Solutions completed two acquisitions. This could lead to enhanced revenue streams, improved market share, and long-term value creation.