IFM Investors Pty Ltd Buys 6,863 Shares of Crh Plc $CRH

IFM Investors Pty Ltd lifted its position in Crh Plc (NYSE:CRH) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,032 shares of the construction company’s stock after buying an additional 6,863 shares during the quarter. IFM Investors Pty Ltd’s holdings in CRH were worth $14,089,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new stake in CRH in the 4th quarter worth approximately $25,000. Harbor Investment Advisory LLC grew its position in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of CRH in the fourth quarter worth $26,000. Riggs Asset Managment Co. Inc. raised its position in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its position in shares of CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Down 1.7%

CRH opened at $105.15 on Thursday. The stock has a market capitalization of $70.26 billion, a P/E ratio of 19.47, a PEG ratio of 1.86 and a beta of 1.32. The stock has a 50-day moving average price of $108.86 and a 200-day moving average price of $114.99. Crh Plc has a 12-month low of $91.22 and a 12-month high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.CRH’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 predict that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

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

Wall Street Analyst Weigh In

CRH has been the topic of a number of research analyst reports. Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Jefferies Financial Group upped their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average price target of $141.40.

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.