OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $13.68 Million in Crh Plc $CRH

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Crh Plc (NYSE:CRH) during the fourth quarter, Holdings Channel reports. The fund purchased 109,645 shares of the construction company’s stock, valued at approximately $13,684,000. CRH accounts for approximately 1.5% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 15th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. JFS Wealth Advisors LLC increased its position in CRH by 12.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock worth $99,000 after buying an additional 86 shares during the last quarter. Waddell & Associates LLC lifted its position in shares of CRH by 3.8% in the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after buying an additional 87 shares during the last quarter. PDS Planning Inc lifted its position in shares of CRH by 2.3% in the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock worth $499,000 after buying an additional 89 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of CRH by 2.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock worth $495,000 after buying an additional 96 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE:CRH opened at $111.45 on Friday. The company has a market cap of $74.47 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.94 and a beta of 1.31. The stock’s 50-day moving average is $109.94 and its 200-day moving average is $115.74. 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 data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. 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. As a group, equities analysts predict that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s payout ratio is currently 28.89%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. Two 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. According to MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average target price of $139.54.

About CRH

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.