Crh Plc $CRH Shares Purchased by Needham Investment Management LLC

Needham Investment Management LLC lifted its stake in Crh Plc (NYSE:CRH) by 23.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,700 shares of the construction company’s stock after purchasing an additional 7,700 shares during the quarter. Needham Investment Management LLC’s holdings in CRH were worth $5,079,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CRH. Board of the Pension Protection Fund purchased a new position in shares of CRH in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of CRH during the fourth quarter valued at $26,000. Harbor Investment Advisory LLC increased its position in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Meeder Asset Management Inc. increased its position in shares of CRH by 29,400.0% in the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after acquiring an additional 294 shares during the period. Finally, Elyxium Wealth LLC purchased a new position in CRH in the 4th quarter worth $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company lifted their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their price objective on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Stock Up 3.1%

Shares of CRH stock opened at $109.77 on Tuesday. The stock has a market cap of $73.35 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The business has a 50-day simple moving average of $109.66 and a 200-day simple moving average of $115.96. Crh Plc has a 52-week low of $86.82 and a 52-week high of $131.55.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for 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%.The firm’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. Sell-side analysts anticipate that Crh Plc will post 5.92 earnings per share for the current fiscal 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 paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 28.89%.

CRH 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.