Louisiana State Employees Retirement System Takes $3.60 Million Position in Crh Plc $CRH

Louisiana State Employees Retirement System acquired a new position in shares of Crh Plc (NYSE:CRH) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,200 shares of the construction company’s stock, valued at approximately $3,595,000.

Several other large investors have also bought and sold shares of CRH. Board of the Pension Protection Fund acquired a new position in CRH during the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in CRH during the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC increased its position in 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 purchasing an additional 99 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in CRH in the 4th quarter valued at approximately $33,000. Finally, Meeder Asset Management Inc. lifted its stake in CRH by 29,400.0% in the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after purchasing an additional 294 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

CRH stock opened at $112.68 on Friday. The firm has a 50 day moving average price of $109.44 and a two-hundred day moving average price of $115.46. Crh Plc has a 52-week low of $89.63 and a 52-week high of $131.55. The firm has a market cap of $75.29 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.95 and a beta of 1.31.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The company’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts predict that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday. Morgan Stanley restated an “overweight” rating and set a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Jefferies Financial Group upped their target price on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average target price of $141.40.

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.