Evelyn Partners Investment Management Services Ltd Purchases 8,999 Shares of Crh Plc $CRH

Evelyn Partners Investment Management Services Ltd increased its position in Crh Plc (NYSE:CRH) by 8.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 120,667 shares of the construction company’s stock after acquiring an additional 8,999 shares during the quarter. CRH comprises 1.5% of Evelyn Partners Investment Management Services Ltd’s investment portfolio, making the stock its 19th largest holding. Evelyn Partners Investment Management Services Ltd’s holdings in CRH were worth $12,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRH. Vanguard Group Inc. increased its stake in shares of CRH by 22.7% in 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. Norges Bank purchased a new stake in shares of CRH during the 4th quarter valued at approximately $1,476,939,000. State Street Corp boosted 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 buying an additional 11,167,189 shares during the period. Geode Capital Management LLC boosted 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 buying an additional 5,916,930 shares during the period. Finally, National Pension Service purchased a new position in CRH in the 4th quarter valued at approximately $258,172,000. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Wells Fargo & Company reduced their price target on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Jefferies Financial Group increased their price objective on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $141.19.

CRH Price Performance

CRH opened at $102.83 on Tuesday. The firm has a market capitalization of $68.71 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.72 and a beta of 1.32. Crh Plc has a one year low of $93.58 and a one year high of $131.55. The company has a fifty day moving average price of $105.39 and a 200-day moving average price of $112.03.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company’s revenue for the quarter 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, analysts expect that Crh Plc will post 5.96 earnings per share for the current 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 issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s 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.