Sterling Capital Management LLC Sells 90,712 Shares of Crh Plc $CRH

Sterling Capital Management LLC lowered its position in Crh Plc (NYSE:CRH) by 37.3% in the 1st quarter, HoldingsChannel reports. The fund owned 152,638 shares of the construction company’s stock after selling 90,712 shares during the period. Sterling Capital Management LLC’s holdings in CRH were worth $16,045,000 as of its most recent filing with the SEC.

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

CRH Stock Down 0.3%

CRH stock opened at $112.68 on Friday. Crh Plc has a 52 week low of $89.63 and a 52 week high of $131.55. The business has a 50-day simple moving average of $109.44 and a 200 day simple moving average of $115.46. The stock has a market cap of $75.29 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.97 and a beta of 1.31.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The firm 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 business’s 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, research analysts anticipate that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio (DPR) is currently 28.89%.

Wall Street Analyst Weigh In

CRH has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a report on Tuesday. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Finally, Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two equities research 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 data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average target price of $141.40.

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.