Los Angeles Capital Management LLC Makes New $20.48 Million Investment in Crh Plc $CRH

Los Angeles Capital Management LLC acquired a new position in Crh Plc (NYSE:CRH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 174,684 shares of the construction company’s stock, valued at approximately $20,478,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Board of the Pension Protection Fund purchased a new stake in CRH in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC purchased a new stake in CRH in the fourth quarter worth about $26,000. Harbor Investment Advisory LLC lifted its holdings in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after buying an additional 99 shares during the period. Elyxium Wealth LLC purchased a new stake in CRH in the fourth quarter worth about $37,000. Finally, Eastern Bank purchased a new stake in CRH in the fourth quarter worth about $38,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. JPMorgan Chase & Co. raised their target price 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. Wells Fargo & Company raised their target price 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. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Two 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Stock Performance

Shares of NYSE CRH opened at $105.10 on Monday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The company has a 50 day simple moving average of $109.57 and a two-hundred day simple moving average of $116.24. The company has a market capitalization of $70.23 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.83 and a beta of 1.31.

CRH (NYSE:CRH) last announced 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 company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts forecast that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

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.