Crh Plc $CRH Position Reduced by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its position in shares of Crh Plc (NYSE:CRH) by 3.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 969,345 shares of the construction company’s stock after selling 30,927 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CRH were worth $120,974,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in CRH by 22.7% during 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 buying an additional 14,623,673 shares in the last quarter. State Street Corp lifted its stake in CRH by 81.3% during 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 buying an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC lifted its stake in CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after buying an additional 5,916,930 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CRH by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock valued at $1,552,506,000 after buying an additional 78,769 shares in the last quarter. Finally, Norges Bank purchased a new stake in CRH during the fourth quarter valued at about $1,476,939,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CRH. 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 research note on Tuesday, March 3rd. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, 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 research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.54.

CRH Price Performance

NYSE CRH opened at $106.41 on Monday. The company has a 50 day simple moving average of $109.55 and a 200-day simple moving average of $116.00. The firm has a market capitalization of $71.11 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 1.85 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 posted its quarterly 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 analyst estimates 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% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts predict that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The firm 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 dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio (DPR) 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.