Pacer Advisors Inc. Decreases Position in Crh Plc $CRH

Pacer Advisors Inc. cut its holdings in Crh Plc (NYSE:CRH) by 34.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,814 shares of the construction company’s stock after selling 18,640 shares during the period. Pacer Advisors Inc.’s holdings in CRH were worth $3,660,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in shares of CRH in the fourth quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new stake in CRH during the 4th quarter valued at about $33,000. Meeder Asset Management Inc. grew its position in CRH by 29,400.0% during the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock worth $37,000 after acquiring an additional 294 shares during the last quarter. Elyxium Wealth LLC purchased a new position in CRH in the 4th quarter worth approximately $37,000. Finally, Bell Investment Advisors Inc increased its stake in CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

CRH stock opened at $97.61 on Friday. Crh Plc has a fifty-two week low of $94.11 and a fifty-two week high of $131.55. The stock’s 50 day simple moving average is $104.85 and its two-hundred day simple moving average is $110.52. The stock has a market cap of $65.22 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.78 and a beta of 1.34.

CRH (NYSE:CRH) last announced its earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.19. The firm had revenue of $10.78 billion during the quarter, compared to analyst estimates of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts predict that Crh Plc will post 5.8 earnings per share for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a yield of 1.6%. CRH’s dividend payout ratio (DPR) is currently 27.51%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CRH. Stephens cut their target price on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Jefferies Financial Group raised their price target on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Wells Fargo & Company decreased their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Finally, Truist Financial dropped their target price on shares of CRH from $140.00 to $130.00 and set a “buy” rating for the company in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $139.44.

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.