Crh Plc $CRH Shares Sold by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd decreased its position in Crh Plc (NYSE:CRH) by 19.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,498 shares of the construction company’s stock after selling 69,401 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in CRH were worth $31,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of CRH by 158.5% during the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after purchasing an additional 5,316 shares during the period. Empowered Funds LLC increased its holdings in CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after buying an additional 658 shares during the period. Sivia Capital Partners LLC increased its holdings in CRH by 58.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after buying an additional 1,579 shares during the period. Sei Investments Co. raised its position in CRH by 18.9% during the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after buying an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in CRH by 0.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after buying an additional 2,348 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Down 0.3%

CRH stock opened at $112.68 on Friday. Crh Plc has a 12 month low of $89.63 and a 12 month high of $131.55. The stock’s 50 day simple moving average is $109.44 and its two-hundred day simple moving average is $115.46. The firm has a market cap of $75.29 billion, a PE ratio of 20.87, a P/E/G ratio of 1.95 and a beta of 1.31.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating 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 firm had revenue of $7.37 billion during the quarter, compared to analyst estimates 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. On average, equities research analysts forecast that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. CRH’s payout ratio is presently 28.89%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Jefferies Financial Group raised their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research report on Tuesday. Finally, Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average price target of $141.40.

CRH 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.