Los Angeles Capital Management LLC Purchases New Position in Crh Plc $CRH

Los Angeles Capital Management LLC purchased a new stake in shares of Crh Plc (NYSE:CRH) in the 4th quarter, Holdings Channel reports. The fund purchased 174,684 shares of the construction company’s stock, valued at approximately $20,478,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cibc World Market Inc. boosted its stake in shares of CRH by 36.2% during the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after acquiring an additional 14,985 shares during the last quarter. ING Groep NV boosted its stake in shares of CRH by 111.1% during the 3rd quarter. ING Groep NV now owns 551,400 shares of the construction company’s stock worth $66,113,000 after acquiring an additional 290,200 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CRH by 680.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock worth $14,881,000 after acquiring an additional 103,962 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of CRH by 41.0% during the 3rd quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company’s stock worth $330,778,000 after acquiring an additional 802,156 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of CRH by 28.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock worth $120,744,000 after acquiring an additional 221,107 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CRH. DA Davidson set a $120.00 price target on shares of CRH in a research note on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Wells Fargo & Company lifted their target price on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, CRH presently has a consensus rating of “Moderate Buy” and an average price target of $139.54.

CRH Stock Performance

CRH opened at $105.10 on Monday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The firm’s fifty day moving average is $109.57 and its 200 day moving average is $116.24. The stock has a market cap of $70.23 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.31.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates 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 company’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. On average, equities research analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s payout ratio is presently 28.89%.

CRH 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.