Crh Plc $CRH Shares Acquired by Mirabaud Asset Management Ltd

Mirabaud Asset Management Ltd lifted its position in Crh Plc (NYSE:CRH) by 38.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 98,038 shares of the construction company’s stock after purchasing an additional 27,118 shares during the period. CRH makes up about 5.7% of Mirabaud Asset Management Ltd’s holdings, making the stock its 6th largest holding. Mirabaud Asset Management Ltd’s holdings in CRH were worth $12,235,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised 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 valued at $9,873,884,000 after purchasing an additional 14,623,673 shares during the last quarter. State Street Corp raised its stake in CRH by 2.9% during the third quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock worth $1,645,995,000 after acquiring an additional 392,146 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of CRH by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after purchasing an additional 78,769 shares during the last quarter. Boston Partners grew its holdings in shares of CRH by 1.7% in the 3rd quarter. Boston Partners now owns 9,816,938 shares of the construction company’s stock worth $1,176,530,000 after purchasing an additional 162,110 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of CRH by 6.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock worth $1,173,615,000 after purchasing an additional 603,082 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of NYSE:CRH opened at $113.72 on Monday. The company has a market capitalization of $75.99 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 2.00 and a beta of 1.36. The firm’s 50 day simple moving average is $110.54 and its 200 day simple moving average is $117.76. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping 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%. CRH’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities research analysts expect that Crh Plc will post 5.94 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. Shareholders of record on Friday, May 15th will be 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 is Friday, May 15th. CRH’s dividend payout ratio (DPR) is 28.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company upped their target price on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.54.

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.