Legal & General Group Plc Boosts Stake in Crh Plc $CRH

Legal & General Group Plc boosted its stake in Crh Plc (NYSE:CRH) by 5.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,933,478 shares of the construction company’s stock after acquiring an additional 198,590 shares during the period. Legal & General Group Plc’s holdings in CRH were worth $491,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in CRH in the 4th quarter valued at approximately $513,000. Life Cycle Investment Partners Ltd purchased a new stake in CRH in the 4th quarter valued at approximately $35,400,000. EverSource Wealth Advisors LLC lifted its stake in CRH by 1.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 129,050 shares of the construction company’s stock valued at $16,106,000 after buying an additional 1,618 shares in the last quarter. Pinnbrook Capital Management LP lifted its stake in CRH by 57.4% in the 4th quarter. Pinnbrook Capital Management LP now owns 40,831 shares of the construction company’s stock valued at $5,096,000 after buying an additional 14,883 shares in the last quarter. Finally, FourThought Financial Partners LLC lifted its stake in CRH by 7.3% in the 4th quarter. FourThought Financial Partners LLC now owns 2,779 shares of the construction company’s stock valued at $347,000 after buying an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRH. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. DA Davidson set a $120.00 price target on CRH in a research note on Friday, February 20th. Wells Fargo & Company increased their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Finally, Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Two 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Stock Up 0.1%

Shares of CRH stock opened at $100.47 on Tuesday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The firm has a market cap of $67.13 billion, a PE ratio of 18.61, a P/E/G ratio of 1.75 and a beta of 1.36. The business’s fifty day moving average is $109.01 and its two-hundred day moving average is $116.65.

CRH (NYSE:CRH) last issued 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 for the quarter, compared to analyst estimates of $7.07 billion. The company’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. Equities research analysts anticipate that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

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