Lido Advisors LLC Grows Position in Crh Plc $CRH

Lido Advisors LLC boosted its position in shares of Crh Plc (NYSE:CRH) by 109.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,291 shares of the construction company’s stock after buying an additional 6,932 shares during the period. Lido Advisors LLC’s holdings in CRH were worth $1,402,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of CRH by 22.7% during the fourth 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 purchased a new stake in CRH in the 4th quarter valued at $1,476,939,000. State Street Corp raised its position in CRH by 81.3% in the 4th 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 last quarter. Geode Capital Management LLC boosted its stake in CRH by 67.3% during 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 purchasing an additional 5,916,930 shares during the period. Finally, National Pension Service acquired a new stake in CRH during the 4th quarter worth $258,172,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Jefferies Financial Group increased their target price 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. Morgan Stanley reissued an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Wells Fargo & Company dropped their price target on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus price target of $141.19.

CRH Stock Performance

Shares of CRH opened at $102.83 on Tuesday. The stock has a market capitalization of $68.71 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.72 and a beta of 1.32. Crh Plc has a 1 year low of $93.58 and a 1 year high of $131.55. The company’s fifty day moving average is $105.39 and its two-hundred day moving average is $112.03.

CRH (NYSE:CRH) last released 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 company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company’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. Sell-side analysts predict that Crh Plc will post 5.96 EPS for the current year.

CRH Dividend Announcement

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 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio is currently 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.