North Dakota State Investment Board Invests $2.98 Million in Crh Plc $CRH

North Dakota State Investment Board bought a new position in shares of Crh Plc (NYSE:CRH) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 23,880 shares of the construction company’s stock, valued at approximately $2,980,000.

Several other large investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in CRH in the 4th quarter worth about $37,000. Abacus Wealth Partners LLC purchased a new stake in CRH in the 4th quarter worth about $252,000. Hiddenite Capital Partners LP increased its holdings in CRH by 110.0% in the 4th quarter. Hiddenite Capital Partners LP now owns 168,000 shares of the construction company’s stock worth $20,966,000 after acquiring an additional 88,000 shares during the last quarter. Leuthold Group LLC purchased a new stake in CRH in the 4th quarter worth about $5,450,000. Finally, ARS Investment Partners LLC increased its holdings in CRH by 1.2% in the 4th quarter. ARS Investment Partners LLC now owns 379,775 shares of the construction company’s stock worth $47,396,000 after acquiring an additional 4,420 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CRH. JPMorgan Chase & Co. lifted their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. DA Davidson set a $120.00 price objective on CRH in a report on Friday, February 20th. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Wells Fargo & Company lifted their price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $139.00 price objective 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 issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $139.54.

CRH Trading Up 0.2%

Shares of CRH opened at $103.46 on Tuesday. The company has a market cap of $69.13 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.36. The stock has a 50-day moving average price of $109.43 and a 200-day moving average price of $117.27. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The firm had revenue of $7.37 billion during 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 business’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, analysts predict that Crh Plc will post 5.9 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio (DPR) is 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.