Dimensional Fund Advisors LP Acquires 459,209 Shares of Crh Plc $CRH

Dimensional Fund Advisors LP boosted its holdings in Crh Plc (NYSE:CRH) by 12.1% in the third quarter, Holdings Channel reports. The institutional investor owned 4,253,676 shares of the construction company’s stock after acquiring an additional 459,209 shares during the quarter. Dimensional Fund Advisors LP’s holdings in CRH were worth $509,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Evernest Financial Advisors LLC boosted its holdings in shares of CRH by 6.3% in the third quarter. Evernest Financial Advisors LLC now owns 2,857 shares of the construction company’s stock worth $343,000 after acquiring an additional 169 shares during the period. Mcdonald Partners LLC purchased a new position in shares of CRH in the third quarter valued at $3,296,000. Cresset Asset Management LLC raised its stake in shares of CRH by 47.0% during the 3rd quarter. Cresset Asset Management LLC now owns 7,677 shares of the construction company’s stock valued at $920,000 after purchasing an additional 2,453 shares during the period. Picton Mahoney Asset Management purchased a new stake in CRH during the 3rd quarter worth about $516,000. Finally, CI Investments Inc. boosted its stake in CRH by 30,689.3% in the 3rd quarter. CI Investments Inc. now owns 591,155 shares of the construction company’s stock worth $70,879,000 after purchasing an additional 589,235 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRH. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a report on Monday, December 1st. JPMorgan Chase & Co. raised their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. Wells Fargo & Company increased their price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $137.86.

CRH Stock Performance

CRH stock opened at $113.44 on Thursday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The firm’s fifty day moving average price is $124.00 and its 200-day moving average price is $119.22. The stock has a market cap of $75.80 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.

CRH (NYSE:CRH) last released its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a net margin of 10.02% and a return on equity of 15.98%. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the previous year, the business earned $1.02 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. CRH’s dividend payout ratio is presently 20.11%.

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.