Altshuler Shaham Ltd Acquires 98,000 Shares of Crh Plc $CRH

Altshuler Shaham Ltd grew its holdings in Crh Plc (NYSE:CRH) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,268,000 shares of the construction company’s stock after purchasing an additional 98,000 shares during the quarter. CRH makes up approximately 2.3% of Altshuler Shaham Ltd’s holdings, making the stock its 17th biggest holding. Altshuler Shaham Ltd owned about 0.19% of CRH worth $158,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CRH. Vanguard Group Inc. boosted its holdings in shares of CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after buying an additional 14,623,673 shares during the period. Norges Bank acquired a new position in shares of CRH in the fourth quarter valued at approximately $1,476,939,000. State Street Corp lifted its position in shares of CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after purchasing an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of CRH in the third quarter worth $295,798,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 3.2%

Shares of CRH opened at $109.25 on Thursday. The business’s 50-day moving average price is $109.88 and its 200-day moving average price is $115.84. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55. The stock has a market cap of $73.00 billion, a PE ratio of 20.23, a P/E/G ratio of 1.96 and a beta of 1.31.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping 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 company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations 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. Analysts expect that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

Wall Street Analyst Weigh In

CRH has been the topic of several analyst reports. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Morgan Stanley restated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Wells Fargo & Company lifted their target price on shares of 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 shares of CRH in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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.