Crh Plc $CRH Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its holdings in Crh Plc (NYSE:CRH) by 95.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 49,121 shares of the construction company’s stock after acquiring an additional 23,985 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in CRH were worth $5,164,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CRH. Vanguard Group Inc. raised 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 acquiring an additional 14,623,673 shares in the last quarter. State Street Corp boosted its holdings in CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after purchasing an additional 11,167,189 shares during the period. 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 worth $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in CRH by 0.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after purchasing an additional 78,769 shares in the last quarter. Finally, Norges Bank purchased a new stake in CRH during the 4th quarter worth about $1,476,939,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRH shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Jefferies Financial Group upped their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Wells Fargo & Company reduced their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $141.19.

CRH Price Performance

CRH stock opened at $99.99 on Monday. The stock has a market cap of $66.81 billion, a PE ratio of 18.52, a P/E/G ratio of 1.72 and a beta of 1.32. The stock’s fifty day moving average is $105.41 and its two-hundred day moving average is $112.21. Crh Plc has a 1-year low of $93.58 and a 1-year high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data 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 business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. 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. On average, research analysts expect that Crh Plc will post 5.96 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio is 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.