Capital World Investors Boosts Holdings in Crh Plc $CRH

Capital World Investors boosted its position in shares of Crh Plc (NYSE:CRH) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,155,899 shares of the construction company’s stock after acquiring an additional 1,178,352 shares during the period. Capital World Investors owned 0.92% of CRH worth $768,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new position in shares of CRH in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of CRH in the fourth quarter worth $26,000. Harbor Investment Advisory LLC raised 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 worth $26,000 after buying an additional 99 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of CRH in the fourth quarter worth $37,000. Finally, Eastern Bank purchased a new position in shares of CRH in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

NYSE:CRH opened at $105.10 on Monday. The firm has a market capitalization of $70.23 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.83 and a beta of 1.31. The company’s 50-day moving average is $109.57 and its two-hundred day moving average is $116.24. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55.

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. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm’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. As a group, equities analysts anticipate that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

Analyst Upgrades and Downgrades

CRH has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of 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 shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Finally, Morgan Stanley reissued an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Two research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

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.