Crh Plc $CRH Shares Sold by Egerton Capital UK LLP

Egerton Capital UK LLP reduced its position in shares of Crh Plc (NYSE:CRH) by 46.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,261,060 shares of the construction company’s stock after selling 1,999,786 shares during the period. CRH makes up about 3.1% of Egerton Capital UK LLP’s investment portfolio, making the stock its 12th largest position. Egerton Capital UK LLP owned approximately 0.34% of CRH worth $282,180,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CRH. Board of the Pension Protection Fund bought a new position in shares of CRH in the fourth quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new position in shares of CRH in the fourth quarter valued at $26,000. Harbor Investment Advisory LLC increased its holdings 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. Elyxium Wealth LLC bought a new position in shares of CRH in the fourth quarter valued at $37,000. Finally, Eastern Bank bought a new position in shares of CRH in the fourth quarter valued at $38,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CRH Stock Up 0.0%

CRH stock opened at $105.10 on Monday. The company’s fifty day simple moving average is $109.57 and its 200-day simple moving average is $116.24. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The stock has a market cap of $70.23 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.83 and a beta of 1.31.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS 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 business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. The firm’s quarterly revenue 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 expect that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

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.