Oregon Public Employees Retirement Fund Acquires Shares of 76,700 Crh Plc $CRH

Oregon Public Employees Retirement Fund acquired a new stake in shares of Crh Plc (NYSE:CRH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,700 shares of the construction company’s stock, valued at approximately $9,572,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRH. Principal Financial Group Inc. raised its holdings in shares of CRH by 24.7% in the third quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after buying an additional 448,860 shares during the period. Cibc World Market Inc. raised its holdings in shares of CRH by 36.2% in the third quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after buying an additional 14,985 shares during the period. Exane Asset Management raised its holdings in shares of CRH by 21.2% in the third quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock worth $80,735,000 after buying an additional 116,178 shares during the period. SouthState Bank Corp raised its holdings in shares of CRH by 20,243.5% in the third quarter. SouthState Bank Corp now owns 21,971 shares of the construction company’s stock worth $2,634,000 after buying an additional 21,863 shares during the period. Finally, Dynasty Wealth Management LLC raised its holdings in shares of CRH by 77.5% in the third quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock worth $4,086,000 after buying an additional 14,877 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Down 2.2%

CRH opened at $108.91 on Thursday. The stock’s fifty day moving average is $109.90 and its two-hundred day moving average is $117.60. The company has a market capitalization of $72.77 billion, a P/E ratio of 20.17, a PEG ratio of 1.95 and a beta of 1.36. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm’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. Equities analysts anticipate 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 given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio (DPR) is 28.89%.

Analysts Set New Price Targets

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

CRH Company 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.