Nuveen LLC Raises Stake in Crh Plc $CRH

Nuveen LLC increased its stake in Crh Plc (NYSE:CRH) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,331,498 shares of the construction company’s stock after buying an additional 10,781 shares during the quarter. Nuveen LLC’s holdings in CRH were worth $790,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cibc World Market Inc. lifted its holdings in CRH by 36.2% during the third quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after purchasing an additional 14,985 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in CRH by 680.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after purchasing an additional 103,962 shares during the last quarter. TD Asset Management Inc lifted its holdings in CRH by 41.0% during the third quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company’s stock valued at $330,778,000 after purchasing an additional 802,156 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in CRH by 28.1% during the third quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock valued at $120,744,000 after purchasing an additional 221,107 shares during the last quarter. Finally, Lansdowne Partners UK LLP lifted its holdings in CRH by 23.4% during the third quarter. Lansdowne Partners UK LLP now owns 648,129 shares of the construction company’s stock valued at $77,711,000 after purchasing an additional 122,915 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Trading Up 5.0%

Shares of CRH stock opened at $104.95 on Friday. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The company has a market cap of $70.12 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.74 and a beta of 1.31. The company’s 50-day moving average price is $109.55 and its 200-day moving average price is $116.05.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share 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%. 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. On average, sell-side analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company increased their price target on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. Finally, Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

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.