IFM Investors Pty Ltd lifted its stake in Crh Plc (NYSE:CRH – Free Report) by 5.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 134,032 shares of the construction company’s stock after buying an additional 6,863 shares during the period. IFM Investors Pty Ltd’s holdings in CRH were worth $14,089,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of CRH. Vanguard Group Inc. grew its position in CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares during the last quarter. Norges Bank bought a new stake in CRH in the fourth quarter valued at approximately $1,476,939,000. State Street Corp boosted its stake in shares of CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after purchasing an additional 11,167,189 shares during the period. Geode Capital Management LLC boosted its stake in shares of CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after purchasing an additional 5,916,930 shares during the period. Finally, National Pension Service bought a new position in shares of CRH in the fourth quarter worth approximately $258,172,000. Institutional investors own 62.50% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on CRH shares. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Morgan Stanley restated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Finally, Jefferies Financial Group upped their price objective on shares of 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’s stock. According to data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and an average target price of $141.40.
CRH Stock Down 1.7%
Shares of CRH stock opened at $105.15 on Thursday. The company has a market cap of $70.26 billion, a PE ratio of 19.47, a P/E/G ratio of 1.86 and a beta of 1.32. The business has a 50 day moving average of $108.86 and a 200 day moving average of $114.99. Crh Plc has a 52 week low of $91.22 and a 52 week 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts anticipate that Crh Plc will post 5.92 earnings per share for the current year.
CRH Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s payout ratio is presently 28.89%.
CRH 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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