Renaissance Group LLC Decreases Stake in Crh Plc $CRH

Renaissance Group LLC lessened its holdings in shares of Crh Plc (NYSE:CRH) by 7.2% during the 4th quarter, HoldingsChannel reports. The firm owned 75,261 shares of the construction company’s stock after selling 5,802 shares during the period. Renaissance Group LLC’s holdings in CRH were worth $9,393,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CRH. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 14,623,673 shares in the last quarter. Geode Capital Management LLC grew 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 acquiring an additional 5,916,930 shares in the last quarter. State Street Corp raised its holdings in CRH by 2.9% in the 3rd quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock valued at $1,645,995,000 after acquiring an additional 392,146 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in CRH by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock valued at $1,552,506,000 after acquiring an additional 78,769 shares during the last quarter. Finally, Norges Bank purchased a new position in CRH in the 4th quarter worth approximately $1,476,939,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Down 3.4%

Shares of NYSE CRH opened at $100.17 on Thursday. The stock has a market capitalization of $66.93 billion, a PE ratio of 18.55, a PEG ratio of 1.80 and a beta of 1.31. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55. The stock has a fifty day simple moving average of $109.55 and a 200-day simple moving average of $116.08.

CRH (NYSE:CRH) last posted 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 return on equity of 15.37% and a net margin of 9.65%.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% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio is currently 28.89%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CRH. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective 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 price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. DA Davidson set a $120.00 target price on CRH in a research note on Friday, February 20th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Two research 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. According to data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average target price of $139.54.

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.