Crh Plc $CRH Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its stake in Crh Plc (NYSE:CRH) by 26.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,792 shares of the construction company’s stock after acquiring an additional 11,381 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in CRH were worth $6,713,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in CRH by 22.7% during the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares in the last quarter. State Street Corp increased its holdings in CRH by 81.3% in the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after acquiring an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC increased its holdings in CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after acquiring an additional 5,916,930 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in CRH by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after acquiring an additional 78,769 shares during the period. Finally, Norges Bank purchased a new position in CRH during the fourth quarter valued at $1,476,939,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Down 0.3%

Shares of NYSE CRH opened at $112.68 on Friday. The firm has a 50-day simple moving average of $109.44 and a 200-day simple moving average of $115.46. The stock has a market capitalization of $75.29 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.31. Crh Plc has a 52 week low of $89.63 and a 52 week high of $131.55.

CRH (NYSE:CRH) last posted 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 net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates 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. As a group, equities research analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 15th. CRH’s payout ratio is currently 28.89%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CRH. Jefferies Financial Group lifted their target price on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. lifted 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research note on Tuesday. Finally, Morgan Stanley reissued an “overweight” rating and set a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and an average price target of $141.40.

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.