Crh Plc $CRH Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in shares of Crh Plc (NYSE:CRH) by 21.3% during the first quarter, HoldingsChannel reports. The fund owned 63,971 shares of the construction company’s stock after acquiring an additional 11,213 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in CRH were worth $6,725,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CRH. SouthState Bank Corp raised its stake in shares of CRH by 6.8% in the 1st quarter. SouthState Bank Corp now owns 32,040 shares of the construction company’s stock valued at $3,368,000 after purchasing an additional 2,032 shares in the last quarter. Sigma Planning Corp grew its stake in CRH by 11.4% in the first quarter. Sigma Planning Corp now owns 4,692 shares of the construction company’s stock worth $493,000 after purchasing an additional 480 shares in the last quarter. Camden National Bank increased its holdings in CRH by 5.6% in the first quarter. Camden National Bank now owns 4,094 shares of the construction company’s stock valued at $430,000 after buying an additional 216 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in CRH by 20.6% in the first quarter. Checchi Capital Advisers LLC now owns 3,483 shares of the construction company’s stock valued at $366,000 after buying an additional 595 shares during the last quarter. Finally, First National Bank of Hutchinson raised its stake in CRH by 4.2% during the first quarter. First National Bank of Hutchinson now owns 5,193 shares of the construction company’s stock valued at $546,000 after buying an additional 209 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRH has been the subject of several research reports. Wells Fargo & Company decreased their target price on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Morgan Stanley reissued an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Jefferies Financial Group boosted their target price on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $141.19.

CRH Stock Down 2.5%

Shares of CRH stock opened at $102.96 on Friday. The company has a market cap of $68.80 billion, a P/E ratio of 19.07, a PEG ratio of 1.84 and a beta of 1.32. The business has a 50 day moving average of $106.33 and a two-hundred day moving average of $113.25. Crh Plc has a 52 week low of $92.66 and a 52 week high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts expect that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, May 15th. CRH’s dividend payout ratio is presently 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.