Crh Plc $CRH Shares Bought by Alkeon Capital Management LLC

Alkeon Capital Management LLC grew its holdings in Crh Plc (NYSE:CRH) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,800,000 shares of the construction company’s stock after acquiring an additional 50,000 shares during the quarter. Alkeon Capital Management LLC owned about 0.27% of CRH worth $224,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. JFS Wealth Advisors LLC increased its holdings in shares of CRH by 12.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after acquiring an additional 86 shares during the last quarter. Waddell & Associates LLC increased its holdings in shares of CRH by 3.8% in the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock valued at $294,000 after acquiring an additional 87 shares during the last quarter. PDS Planning Inc increased its holdings in shares of CRH by 2.3% in the 4th quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock valued at $499,000 after acquiring an additional 89 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of CRH by 2.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after purchasing an additional 96 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after buying an additional 99 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 3.1%

NYSE:CRH opened at $109.77 on Tuesday. The firm has a market cap of $73.35 billion, a P/E ratio of 20.33, a PEG ratio of 1.85 and a beta of 1.31. The stock’s 50 day simple moving average is $109.66 and its 200-day simple moving average is $115.96. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating 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 firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Research analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

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