ARS Investment Partners LLC Has $45.95 Million Stock Position in Crh Plc $CRH

ARS Investment Partners LLC boosted its stake in Crh Plc (NYSE:CRH) by 15.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,069 shares of the construction company’s stock after acquiring an additional 57,294 shares during the period. CRH accounts for 2.4% of ARS Investment Partners LLC’s investment portfolio, making the stock its 13th largest holding. ARS Investment Partners LLC’s holdings in CRH were worth $45,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in CRH. Board of the Pension Protection Fund acquired a new position in shares of CRH in the 4th quarter worth approximately $25,000. Harbor Investment Advisory LLC increased its position in shares of 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. Flagship Harbor Advisors LLC bought a new position in CRH during the fourth quarter worth $26,000. Riggs Asset Managment Co. Inc. raised its stake in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in CRH in the fourth quarter valued at $33,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 0.2%

NYSE:CRH opened at $111.45 on Friday. The company has a fifty day moving average of $109.94 and a 200-day moving average of $115.74. The firm has a market capitalization of $74.47 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.94 and a beta of 1.31. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55.

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 analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts anticipate that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a dividend of $0.39 per share. 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 is currently 28.89%.

Analyst Ratings Changes

A number of brokerages have commented on CRH. 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. JPMorgan Chase & Co. lifted their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Two research 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.