Public Sector Pension Investment Board Takes Position in Crh Plc $CRH

Public Sector Pension Investment Board acquired a new position in Crh Plc (NYSE:CRH) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,173 shares of the construction company’s stock, valued at approximately $2,778,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ground Swell Capital LLC purchased a new stake in CRH in the third quarter worth about $235,000. Atria Investments Inc grew its stake in shares of CRH by 0.8% during the 3rd quarter. Atria Investments Inc now owns 62,317 shares of the construction company’s stock valued at $7,472,000 after acquiring an additional 515 shares during the period. Illinois Municipal Retirement Fund increased its holdings in CRH by 377.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 52,630 shares of the construction company’s stock worth $6,310,000 after acquiring an additional 41,605 shares in the last quarter. Wedbush Securities Inc. bought a new stake in CRH during the 3rd quarter worth approximately $268,000. Finally, Varma Mutual Pension Insurance Co raised its stake in CRH by 8.6% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 117,800 shares of the construction company’s stock worth $14,124,000 after acquiring an additional 9,300 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Longbow Research started coverage on shares of CRH in a research note on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a report on Monday, December 1st. UBS Group upped their price objective on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Wells Fargo & Company increased their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.27.

CRH Stock Down 1.1%

Shares of CRH stock opened at $124.07 on Friday. The company’s fifty day simple moving average is $125.20 and its two-hundred day simple moving average is $118.67. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55. The stock has a market cap of $83.16 billion, a P/E ratio of 22.48, a PEG ratio of 1.87 and a beta of 1.33.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.68). The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. CRH’s dividend payout ratio is presently 20.11%.

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.