Crh Plc $CRH is Boston Partners’ 7th Largest Position

Boston Partners lowered its position in shares of Crh Plc (NYSE:CRH) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,750,530 shares of the construction company’s stock after selling 1,066,408 shares during the period. CRH accounts for about 1.1% of Boston Partners’ holdings, making the stock its 7th biggest position. Boston Partners owned 1.31% of CRH worth $1,093,149,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cloverfields Capital Group LP increased its stake in CRH by 0.5% in the fourth quarter. Cloverfields Capital Group LP now owns 37,820 shares of the construction company’s stock valued at $4,720,000 after acquiring an additional 172 shares during the last quarter. Storgate LLC purchased a new stake in shares of CRH in the 4th quarter valued at $428,000. Martingale Asset Management L P boosted its stake in shares of CRH by 10.8% in the 4th quarter. Martingale Asset Management L P now owns 41,336 shares of the construction company’s stock valued at $5,159,000 after purchasing an additional 4,042 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CRH by 4.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,200,163 shares of the construction company’s stock valued at $524,180,000 after purchasing an additional 194,493 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of CRH by 3.6% in the 4th quarter. Wells Fargo & Company MN now owns 689,857 shares of the construction company’s stock valued at $86,094,000 after purchasing an additional 23,866 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CRH shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Wells Fargo & Company increased their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, DA Davidson set a $120.00 price objective on shares of CRH in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average target price of $139.54.

CRH Stock Performance

CRH stock opened at $106.41 on Friday. The stock has a market cap of $71.11 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.31. The stock has a fifty day moving average of $109.55 and a 200 day moving average of $115.98. Crh Plc has a one year low of $86.82 and a one year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data 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. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate 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, sell-side analysts predict that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s payout ratio is currently 28.89%.

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.