Royal London Asset Management Ltd. Acquires 83,820 Shares of Crh Plc $CRH

Royal London Asset Management Ltd. lifted its holdings in shares of Crh Plc (NYSE:CRH) by 12.1% during the 4th quarter, Holdings Channel reports. The firm owned 777,754 shares of the construction company’s stock after purchasing an additional 83,820 shares during the quarter. Royal London Asset Management Ltd.’s holdings in CRH were worth $97,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new stake in shares of CRH during the 4th quarter valued at about $25,000. Harbor Investment Advisory LLC lifted its position in shares of CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of CRH during the fourth quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. increased its position in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new position in CRH during the fourth quarter valued at about $37,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRH. DA Davidson set a $120.00 price target on shares of CRH in a research 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. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. raised 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, Wells Fargo & Company raised 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. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Stock Performance

CRH stock opened at $106.41 on Friday. The company has a market capitalization of $71.11 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.31. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The company’s 50 day moving average price is $109.55 and its two-hundred day moving average price is $115.98.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. 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 predict that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be issued a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. 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.