Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Crh Plc (NYSE:CRH – Free Report) by 58.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,400 shares of the construction company’s stock after acquiring an additional 37,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CRH were worth $12,655,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in shares of CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares during the period. Empowered Funds LLC raised its holdings in CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in CRH by 58.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares in the last quarter. Sei Investments Co. lifted its position in shares of CRH by 18.9% in the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after acquiring an additional 36,238 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in shares of CRH by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after acquiring an additional 2,348 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on CRH shares. DA Davidson set a $120.00 price objective on CRH in a research report on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. JPMorgan Chase & Co. boosted their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company increased their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Finally, Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average price target of $139.54.
CRH Price Performance
CRH stock opened at $105.10 on Friday. The business has a 50 day simple moving average of $109.57 and a 200 day simple moving average of $116.19. The company has a market capitalization of $70.23 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.31. Crh Plc has a one year low of $86.82 and a one year high of $131.55.
CRH (NYSE:CRH – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating 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 firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities analysts anticipate that Crh Plc will post 5.92 earnings per share for the current fiscal year.
CRH Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio is presently 28.89%.
About CRH
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.
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