Healthcare of Ontario Pension Plan Trust Fund Boosts Position in Crh Plc $CRH

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Crh Plc (NYSE:CRH) by 64.4% in the first quarter, HoldingsChannel.com reports. The firm owned 376,384 shares of the construction company’s stock after buying an additional 147,403 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CRH were worth $39,565,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CRH. Renaissance Technologies LLC acquired a new stake in CRH during the first quarter worth approximately $79,124,000. Modern Wealth Management LLC boosted its holdings in shares of CRH by 6.6% in the 1st quarter. Modern Wealth Management LLC now owns 2,260 shares of the construction company’s stock valued at $240,000 after buying an additional 139 shares in the last quarter. Keebeck Wealth Management acquired a new position in shares of CRH in the 1st quarter valued at $220,000. Cloverfields Capital Group LP grew its position in shares of CRH by 0.3% in the 1st quarter. Cloverfields Capital Group LP now owns 37,937 shares of the construction company’s stock valued at $3,988,000 after buying an additional 117 shares during the last quarter. Finally, Inceptionr LLC grew its position in shares of CRH by 102.0% in the 1st quarter. Inceptionr LLC now owns 13,494 shares of the construction company’s stock valued at $1,418,000 after buying an additional 6,814 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRH has been the topic of several research analyst reports. Jefferies Financial Group lifted their price target on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Wells Fargo & Company dropped their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $141.19.

CRH Price Performance

Shares of CRH stock opened at $99.99 on Friday. The firm’s fifty day simple moving average is $105.41 and its 200-day simple moving average is $112.33. The stock has a market capitalization of $66.81 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.72 and a beta of 1.32. Crh Plc has a 12 month low of $93.58 and a 12 month high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. The business’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. Analysts anticipate that Crh Plc will post 5.96 earnings per share for the current year.

CRH Announces Dividend

The firm 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 was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. CRH’s dividend payout ratio is 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.