OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $13.68 Million in Crh Plc $CRH

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Crh Plc (NYSE:CRH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 109,645 shares of the construction company’s stock, valued at approximately $13,684,000. CRH accounts for 1.5% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 15th biggest holding.

Several other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC raised its stake in CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after purchasing an additional 5,316 shares during the period. Empowered Funds LLC boosted its position in shares of CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after buying an additional 658 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of CRH by 58.5% during the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after buying an additional 1,579 shares in the last quarter. Sei Investments Co. raised its position in CRH by 18.9% during the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after buying an additional 36,238 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in CRH by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock valued at $29,084,000 after buying an additional 2,348 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CRH shares. Morgan Stanley restated an “overweight” rating and set a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. Finally, Wells Fargo & Company boosted their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. 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’s stock. According to data from MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Trading Up 0.2%

Shares of NYSE:CRH opened at $111.45 on Friday. The firm has a market cap of $74.47 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.94 and a beta of 1.31. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55. The business has a fifty day simple moving average of $109.94 and a 200 day simple moving average of $115.74.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating 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 firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. 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, sell-side analysts forecast that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were paid a $0.39 dividend. 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 payout ratio is presently 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.