Intech Investment Management LLC Boosts Holdings in Crh Plc $CRH

Intech Investment Management LLC boosted its position in shares of Crh Plc (NYSE:CRH) by 114.2% in the fourth quarter, HoldingsChannel reports. The fund owned 50,478 shares of the construction company’s stock after purchasing an additional 26,909 shares during the quarter. Intech Investment Management LLC’s holdings in CRH were worth $6,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRH. Vanguard Group Inc. lifted its position in CRH by 22.7% during the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after acquiring an additional 14,623,673 shares during the last quarter. Geode Capital Management LLC increased 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 valued at $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in CRH during the 3rd quarter valued at approximately $295,798,000. Alkeon Capital Management LLC acquired a new position in CRH during the 3rd quarter valued at approximately $209,825,000. Finally, SG Americas Securities LLC increased its stake in CRH by 9,615.1% during the 4th quarter. SG Americas Securities LLC now owns 1,386,928 shares of the construction company’s stock valued at $173,089,000 after purchasing an additional 1,372,652 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 2.0%

Shares of CRH stock opened at $108.91 on Friday. The firm’s 50 day simple moving average is $109.31 and its two-hundred day simple moving average is $116.40. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The firm has a market capitalization of $72.77 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.89 and a beta of 1.36.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The business’s revenue for the quarter 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, sell-side analysts predict that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

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 issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio (DPR) is 28.89%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. DA Davidson set a $120.00 price target on shares of CRH in a research note on Friday, February 20th. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Wells Fargo & Company upped their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.