Geode Capital Management LLC Acquires 5,916,930 Shares of Crh Plc $CRH

Geode Capital Management LLC boosted its holdings in Crh Plc (NYSE:CRH) by 67.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,709,575 shares of the construction company’s stock after acquiring an additional 5,916,930 shares during the quarter. Geode Capital Management LLC owned 2.19% of CRH worth $1,827,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JFS Wealth Advisors LLC boosted 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 worth $99,000 after purchasing an additional 86 shares in the last quarter. PDS Planning Inc boosted 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 worth $499,000 after purchasing an additional 89 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock worth $43,000 after purchasing an additional 92 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings 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 worth $495,000 after purchasing an additional 96 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

CRH Price Performance

Shares of CRH stock opened at $106.87 on Friday. The stock has a market capitalization of $71.41 billion, a PE ratio of 19.79, a P/E/G ratio of 1.85 and a beta of 1.36. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55. The business has a 50-day moving average of $109.17 and a 200 day moving average of $116.45.

CRH (NYSE:CRH) last issued 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. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm’s quarterly 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. Analysts anticipate that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

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

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.