Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys Shares of 155,909 Crh Plc $CRH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Crh Plc (NYSE:CRH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 155,909 shares of the construction company’s stock, valued at approximately $19,457,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRH. Board of the Pension Protection Fund acquired a new stake in shares of CRH in the fourth quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of CRH in the fourth quarter valued at $26,000. Harbor Investment Advisory LLC grew its stake in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. United Community Bank grew its stake in shares of CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after buying an additional 187 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after buying an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CRH Price Performance

CRH opened at $108.91 on Monday. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The stock has a market capitalization of $72.77 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.89 and a beta of 1.31. The business has a fifty day moving average price of $109.31 and a 200 day moving average price of $116.41.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.07 billion. CRH’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, research analysts anticipate that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

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 paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s payout ratio is presently 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.