Barings LLC Sells 55,692 Shares of Crh Plc $CRH

Barings LLC lowered its stake in shares of Crh Plc (NYSE:CRH) by 21.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,034 shares of the construction company’s stock after selling 55,692 shares during the quarter. CRH comprises approximately 0.3% of Barings LLC’s investment portfolio, making the stock its 29th biggest position. Barings LLC’s holdings in CRH were worth $21,343,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new position in CRH in the 4th quarter valued at $25,000. Harbor Investment Advisory LLC grew its holdings 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 in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of CRH during the 4th quarter worth $26,000. Riggs Asset Managment Co. Inc. increased its position in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the period. Finally, Bell Investment Advisors Inc increased its position in shares of CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRH. Jefferies Financial Group upped their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Wells Fargo & Company dropped their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Two equities research 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $141.19.

CRH Stock Performance

CRH stock opened at $105.68 on Friday. Crh Plc has a 52 week low of $91.26 and a 52 week high of $131.55. The stock has a market capitalization of $70.62 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.81 and a beta of 1.32. The stock has a fifty day moving average of $106.55 and a 200-day moving average of $113.32.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating 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 business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The firm’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, research analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 15th. 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.