Crh Plc $CRH Stock Holdings Boosted by Investment Management Corp of Ontario

Investment Management Corp of Ontario boosted its position in Crh Plc (NYSE:CRH) by 543.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 341,788 shares of the construction company’s stock after purchasing an additional 288,700 shares during the quarter. CRH comprises 0.6% of Investment Management Corp of Ontario’s holdings, making the stock its 24th biggest position. Investment Management Corp of Ontario’s holdings in CRH were worth $42,655,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRH. Vanguard Group Inc. increased 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 valued at $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. Norges Bank bought a new stake in CRH during the 4th quarter valued at $1,476,939,000. State Street Corp boosted its position in CRH by 81.3% during the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after acquiring an additional 11,167,189 shares during the period. Geode Capital Management LLC grew its stake 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 purchasing an additional 5,916,930 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in shares of CRH during the third quarter valued at $295,798,000. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CRH. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 price objective on shares of CRH in a report on Friday, February 20th. 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 report on Friday, February 20th. JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.54.

CRH Price Performance

Shares of CRH opened at $109.25 on Thursday. The firm’s 50 day moving average is $109.88 and its 200-day moving average is $115.84. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The stock has a market capitalization of $73.00 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.96 and a beta of 1.31.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm’s quarterly revenue 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, equities research analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

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.