Pacer Advisors Inc. bought a new stake in Crh Plc (NYSE:CRH – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 53,454 shares of the construction company’s stock, valued at approximately $6,671,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new stake in CRH during the 4th quarter worth about $25,000. Harbor Investment Advisory LLC increased its holdings in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of CRH in the 4th quarter valued at about $26,000. Riggs Asset Managment Co. Inc. raised its position in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after acquiring an additional 312 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of CRH during the 4th quarter worth about $33,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Morgan Stanley reissued an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.54.
CRH Stock Performance
Shares of CRH opened at $111.45 on Monday. The stock has a market capitalization of $74.47 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.94 and a beta of 1.31. The company’s fifty day moving average is $109.94 and its two-hundred day moving average is $115.72. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55.
CRH (NYSE:CRH – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7.07 billion. The company’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. Sell-side analysts predict that Crh Plc will post 5.92 EPS for the current year.
CRH Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio is currently 28.89%.
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.
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