Louisiana State Employees Retirement System Buys New Shares in Crh Plc $CRH

Louisiana State Employees Retirement System purchased a new stake in shares of Crh Plc (NYSE:CRH) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,200 shares of the construction company’s stock, valued at approximately $3,595,000.

Other institutional investors have also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new position in shares of CRH in the fourth quarter valued at $25,000. Harbor Investment Advisory LLC increased its stake in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of CRH in the 4th quarter valued at about $26,000. Riggs Asset Managment Co. Inc. lifted its stake in CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its stake in CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRH. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research report on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group upped their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday. Finally, Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, CRH presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.40.

CRH Stock Down 0.3%

NYSE CRH opened at $112.68 on Friday. The firm has a 50-day moving average price of $109.44 and a two-hundred day moving average price of $115.46. Crh Plc has a 12-month low of $89.63 and a 12-month high of $131.55. The company has a market capitalization of $75.29 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.95 and a beta of 1.31.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) 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.