SteelPeak Wealth LLC Makes New $2.66 Million Investment in Crh Plc $CRH

SteelPeak Wealth LLC acquired a new stake in Crh Plc (NYSE:CRH) in the first quarter, Holdings Channel reports. The institutional investor acquired 25,250 shares of the construction company’s stock, valued at approximately $2,663,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares during the last quarter. Norges Bank bought a new position in shares of CRH during the fourth quarter valued at about $1,476,939,000. State Street Corp grew its stake in shares of CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after buying an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after buying an additional 5,916,930 shares during the period. Finally, National Pension Service purchased a new position in shares of CRH in the fourth quarter worth about $258,172,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating and set a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Wells Fargo & Company decreased their price target on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Jefferies Financial Group increased their price objective on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, CRH presently has an average rating of “Buy” and an average price target of $141.19.

CRH Trading Down 2.5%

Shares of NYSE CRH opened at $102.96 on Friday. The firm has a fifty day simple moving average of $106.33 and a two-hundred day simple moving average of $113.25. Crh Plc has a 12 month low of $92.66 and a 12 month high of $131.55. The firm has a market capitalization of $68.80 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.84 and a beta of 1.32.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.07 billion. The business’s revenue 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, sell-side analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s payout ratio is presently 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.