Cerity Partners LLC Increases Stock Holdings in Crh Plc $CRH

Cerity Partners LLC raised its stake in Crh Plc (NYSE:CRH) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 243,510 shares of the construction company’s stock after purchasing an additional 38,775 shares during the quarter. Cerity Partners LLC’s holdings in CRH were worth $30,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cibc World Market Inc. boosted its stake in shares of CRH by 36.2% in the third quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after buying an additional 14,985 shares in the last quarter. ING Groep NV boosted its stake in shares of CRH by 111.1% in the third quarter. ING Groep NV now owns 551,400 shares of the construction company’s stock valued at $66,113,000 after buying an additional 290,200 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CRH by 680.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after buying an additional 103,962 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of CRH by 41.0% in the third quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company’s stock valued at $330,778,000 after buying an additional 802,156 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of CRH by 28.1% in the third quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock valued at $120,744,000 after buying an additional 221,107 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

CRH Stock Down 3.4%

NYSE CRH opened at $100.17 on Thursday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock has a market cap of $66.93 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.80 and a beta of 1.31. The business has a fifty day moving average of $109.55 and a 200-day moving average of $116.08.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations 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. As a group, analysts anticipate that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s payout ratio is 28.89%.

CRH Company 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.