Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Position in Crh Plc $CRH

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Crh Plc (NYSE:CRH) by 61.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,377 shares of the construction company’s stock after purchasing an additional 61,977 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CRH were worth $17,174,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CRH. Vanguard Group Inc. boosted its position in shares of CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. Norges Bank purchased a new stake in CRH in the fourth quarter valued at approximately $1,476,939,000. State Street Corp boosted its holdings in shares of CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after acquiring an additional 11,167,189 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after acquiring an additional 5,916,930 shares during the period. Finally, National Pension Service purchased a new position in shares of CRH during the fourth quarter worth approximately $258,172,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

NYSE:CRH opened at $107.41 on Friday. The business has a 50 day simple moving average of $108.49 and a 200 day simple moving average of $114.80. The firm has a market capitalization of $71.77 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.87 and a beta of 1.32. Crh Plc has a 12-month low of $91.22 and a 12-month high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates 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. Research analysts anticipate that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on CRH shares. Jefferies Financial Group upped their price target on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Finally, Morgan Stanley reissued an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.40.

About CRH

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.