QRG Capital Management Inc. Sells 4,777 Shares of Crh Plc $CRH

QRG Capital Management Inc. lessened its stake in Crh Plc (NYSE:CRHFree Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,769 shares of the construction company’s stock after selling 4,777 shares during the quarter. QRG Capital Management Inc.’s holdings in CRH were worth $19,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CRH. HB Wealth Management LLC increased its holdings in CRH by 3.0% during the first quarter. HB Wealth Management LLC now owns 117,286 shares of the construction company’s stock worth $12,329,000 after buying an additional 3,443 shares during the last quarter. Canal Capital Management LLC lifted its stake in CRH by 3.6% in the first quarter. Canal Capital Management LLC now owns 67,914 shares of the construction company’s stock valued at $7,139,000 after acquiring an additional 2,376 shares during the last quarter. New York State Teachers Retirement System lifted its stake in CRH by 4.9% in the first quarter. New York State Teachers Retirement System now owns 456,887 shares of the construction company’s stock valued at $48,028,000 after acquiring an additional 21,333 shares during the last quarter. Private Advisor Group LLC grew its position in shares of CRH by 6.2% in the 1st quarter. Private Advisor Group LLC now owns 9,352 shares of the construction company’s stock valued at $983,000 after acquiring an additional 550 shares during the period. Finally, Optas LLC grew its position in shares of CRH by 4.5% in the 1st quarter. Optas LLC now owns 2,695 shares of the construction company’s stock valued at $283,000 after acquiring an additional 117 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

CRH stock opened at $107.41 on Friday. The company has a fifty day moving average price of $108.49 and a two-hundred day moving average price of $114.80. Crh Plc has a one year low of $91.22 and a one year high of $131.55. The stock has a market cap of $71.77 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.87 and a beta of 1.32.

CRH (NYSE:CRHGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm’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. Research analysts anticipate that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were paid 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 1.5%. CRH’s dividend payout ratio is 28.89%.

Analyst Ratings Changes

CRH has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Finally, Jefferies Financial Group upped their price objective on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $141.40.

Check Out Our Latest Research Report on CRH

CRH Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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