ProShare Advisors LLC Buys New Position in Crh Plc $CRH

ProShare Advisors LLC bought a new stake in Crh Plc (NYSE:CRH) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 131,018 shares of the construction company’s stock, valued at approximately $16,351,000.

Several other hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC grew its holdings in shares of CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after purchasing an additional 5,316 shares in the last quarter. Empowered Funds LLC lifted its holdings in CRH by 5.3% during the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after buying an additional 658 shares in the last quarter. Sivia Capital Partners LLC boosted its position in CRH by 58.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after buying an additional 1,579 shares during the period. Sei Investments Co. grew its stake in shares of CRH by 18.9% in the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after acquiring an additional 36,238 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of CRH by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after acquiring an additional 2,348 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 price target on CRH in a research report on Friday, February 20th. Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, CRH presently has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Trading Up 2.8%

Shares of CRH stock opened at $101.31 on Thursday. The company has a market cap of $67.69 billion, a P/E ratio of 18.76, a PEG ratio of 1.72 and a beta of 1.36. The firm has a fifty day moving average price of $109.17 and a 200 day moving average price of $117.02. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm’s quarterly revenue 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 analysts forecast that Crh Plc will post 5.91 EPS for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s payout ratio is presently 28.89%.

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.