Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 61,977 Shares of Crh Plc $CRH

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Crh Plc (NYSE:CRH) by 61.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 163,377 shares of the construction company’s stock after buying an additional 61,977 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CRH were worth $17,174,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of CRH by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock worth $120,744,000 after buying an additional 221,107 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in CRH by 680.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock worth $14,881,000 after purchasing an additional 103,962 shares during the period. Pacific Capital Partners Ltd lifted its position in CRH by 47.1% during the fourth quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock valued at $5,460,000 after purchasing an additional 14,000 shares in the last quarter. Lansdowne Partners UK LLP grew its holdings in CRH by 23.4% during the third quarter. Lansdowne Partners UK LLP now owns 648,129 shares of the construction company’s stock valued at $77,711,000 after purchasing an additional 122,915 shares during the period. Finally, Principal Financial Group Inc. increased its position in CRH by 33.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock worth $377,112,000 after buying an additional 752,463 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Down 0.1%

Shares of NYSE:CRH opened at $107.41 on Friday. The firm has a 50 day moving average of $108.49 and a 200 day moving average of $114.80. The company has a market capitalization of $71.77 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.87 and a beta of 1.32. Crh Plc has a 52 week low of $91.22 and a 52 week high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS 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 business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. The firm’s quarterly 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. On average, sell-side analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s payout ratio is 28.89%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRH. Jefferies Financial Group increased their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Morgan Stanley restated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Finally, Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. 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 stock. According to data from MarketBeat, the company currently has an average 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.