Alkeon Capital Management LLC Boosts Stake in Crh Plc $CRH

Alkeon Capital Management LLC lifted its holdings in Crh Plc (NYSE:CRH) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,800,000 shares of the construction company’s stock after purchasing an additional 50,000 shares during the quarter. Alkeon Capital Management LLC’s holdings in CRH were worth $224,640,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CRH. Board of the Pension Protection Fund purchased a new stake in CRH during the fourth quarter worth $25,000. Harbor Investment Advisory LLC boosted its position in CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in CRH during the fourth quarter worth $26,000. Riggs Asset Managment Co. Inc. boosted its position in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in CRH during the fourth quarter worth $37,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company boosted their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. Finally, Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two investment 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Stock Up 3.1%

NYSE CRH opened at $109.77 on Tuesday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock has a market cap of $73.35 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The business has a fifty day moving average of $109.66 and a 200-day moving average of $115.96.

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, topping analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CRH’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. As a group, analysts anticipate that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s payout ratio is 28.89%.

About CRH

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.