QRG Capital Management Inc. Sells 4,777 Shares of Crh Plc $CRH

QRG Capital Management Inc. decreased its position in shares of Crh Plc (NYSE:CRH) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,769 shares of the construction company’s stock after selling 4,777 shares during the quarter. QRG Capital Management Inc.’s holdings in CRH were worth $19,213,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after buying an additional 5,316 shares during the period. Empowered Funds LLC grew its stake in CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares during the period. Sivia Capital Partners LLC grew its stake in CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares during the period. Sei Investments Co. increased its holdings in shares of CRH by 18.9% in the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after acquiring an additional 36,238 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of CRH by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after purchasing an additional 2,348 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CRH shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group increased their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.40.

CRH Trading Down 0.1%

Shares of CRH opened at $107.41 on Friday. Crh Plc has a 12 month low of $91.22 and a 12 month high of $131.55. The firm has a fifty day simple moving average of $108.49 and a 200 day simple moving average of $114.80. The stock has a market capitalization of $71.77 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.87 and a beta of 1.32.

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 the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts predict that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

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.