Capital World Investors Boosts Holdings in Crh Plc $CRH

Capital World Investors lifted its stake in Crh Plc (NYSE:CRH) by 23.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,155,899 shares of the construction company’s stock after acquiring an additional 1,178,352 shares during the period. Capital World Investors’ holdings in CRH were worth $768,300,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CRH. Vanguard Group Inc. boosted its stake 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 purchasing an additional 14,623,673 shares during the period. Norges Bank acquired a new stake in shares of CRH in the 4th quarter worth $1,476,939,000. Geode Capital Management LLC lifted its stake in shares of CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after acquiring an additional 5,916,930 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of CRH in the 3rd quarter worth $295,798,000. Finally, National Pension Service acquired a new stake in shares of CRH in the 4th quarter worth $258,172,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CRH shares. Wells Fargo & Company raised their target price on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. DA Davidson set a $120.00 price objective on shares of CRH in a research note on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Trading Up 0.0%

NYSE:CRH opened at $105.10 on Monday. The company has a market capitalization of $70.23 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.31. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55. The firm has a 50-day moving average price of $109.57 and a two-hundred day moving average price of $116.24.

CRH (NYSE:CRH) last issued 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 business had revenue of $7.37 billion during 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 revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts predict 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 will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, May 15th. 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.