Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $19.46 Million in Crh Plc $CRH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Crh Plc (NYSE:CRH) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 155,909 shares of the construction company’s stock, valued at approximately $19,457,000.

Several other institutional investors and hedge funds have also made changes to their positions in CRH. Vanguard Group Inc. boosted its position in shares of CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares in the last quarter. Norges Bank acquired a new position in shares of CRH during the 4th quarter worth about $1,476,939,000. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 5,916,930 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of CRH during the 3rd quarter worth about $295,798,000. Finally, National Pension Service acquired a new position in shares of CRH during the 4th quarter worth about $258,172,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CRH. DA Davidson set a $120.00 price objective on CRH in a research report on Friday, February 20th. Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted 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. Morgan Stanley reissued an “overweight” rating and issued a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Finally, Wells Fargo & Company boosted their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and an average target price of $139.54.

CRH Stock Up 0.1%

CRH opened at $108.91 on Monday. The business has a 50 day moving average price of $109.31 and a two-hundred day moving average price of $116.41. The company has a market cap of $72.77 billion, a PE ratio of 20.17, a P/E/G ratio of 1.89 and a beta of 1.31. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.CRH’s revenue for the quarter 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, sell-side analysts expect that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a $0.39 dividend. The ex-dividend date is 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 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.